Elon Musk Joins SpaceX and xAI Businesses Into a Single Company, Pre-IPO

NEW YORK, Feb. 2, 2026 (AP) — Elon Musk is joining his space exploration and artificial intelligence ventures into a single company before a massive planned initial public offering for the business later this year.

SpaceX Seeks FCC Approval For One Million Satellites in SpaceThe European Space Agency says that 16,910 satellites currently orbit Earth, making this a 5,813% increase over current satellites.Broadband BreakfastEric Urbach

His rocket venture, SpaceX, announced on Monday that it had bought xAI in an effort to help the world’s richest man dominate the rocket and artificial intelligence businesses. The deal will combine several of his offerings, including his AI chatbot Grok, his satellite communications company Starlink, and his social media company X.

Musk has talked repeatedly about the need to speed development of technology that will allow data centers to operate in space to solve the problem of overcoming the huge costs in electricity and other resources in building and running AI systems on Earth.

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