Factbox-SpaceX acquires xAI: Key facts about the Musk-owned startups

Feb 3 (Reuters) - Elon Musk ⁠said on ⁠Monday ‍SpaceX has acquired his artificial intelligence startup xAI in a record-setting deal, unifying the billionaire's AI and space ‍ambitions by combining the rocket-and-satellite company with the maker ​of the Grok chatbot.

The deal, first reported by Reuters last week, represents ​one of the most ambitious mergers in the technology sector yet. It values SpaceX at $1 trillion and xAI at $250 billion, a person familiar with ​the matter said.

The deal would bolster Musk's data-center ambitions as competition heats up further in the AI race with rivals ​such as Alphabet's Google, Meta, Amazon-backed Anthropic and OpenAI.

Here are some key facts about ‌SpaceX and xAI:

SPACEX XAI

Founded 2002 2023

Founders Elon Musk Founding team included

Musk, former Google

DeepMind engineer Igor

Babuschkin, former

Microsoft executive Greg

Yang, and former Google

research scientists

Christian ​Szegedy and

Tony Wu.

Key - Elon Musk, CEO - ⁠Elon Musk, CEO

executives - Bret Johnsen, CFO - Anthony Armstrong, CFO

- Gwynne Shotwell,

President and COO

Headquarters Starbase, Texas Palo Alto, California

Valuation $1 ‌trillion in the $250 billion in the

SpaceX-xAI deal. deal. The startup was

Previously, the firm valued at $230 billion

was valued at $800 in November, according

billion in a December to the Wall ‌Street

insider share sale. Journal.

Financials SpaceX generated about xAI's net loss widened

$8 billion in profit to $1.46 billion ‌in the

on $15 billion-$16 September quarter from

billion of revenue $1 billion in the prior

last year, Reuters quarter, Bloomberg News

reported last month. reported last month.

Revenue nearly doubled

to $107 million.

Funding SpaceX plans to ‍go Last month, xAI said it

public sometime this raised $20 billion in an

year, Reuters and upsized Series E funding

other media ⁠have round, with

reported. Based on its participation from Valor

most recent Equity Partners,

financials, some banks StepStone Group,

estimate the company Fidelity Management &

could raise more than Research Company and

$50 billion at a Qatar Investment

valuation exceeding Authority.

$1.5 trillion.

(Reporting by Anhata Rooprai and Deborah Sophia in Bengaluru; Editing by Shreya Biswas)

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