Cathie Wood's flagship venture fund has realigned its heaviest bets following a record-breaking merger between Elon Musk's aerospace giant and his artificial intelligence startup. A Trillion-Dollar Integration The ARK Venture Fund (ARKVX) has confirmed that SpaceX and xAI have merged in a “transformative deal” that values the combined entity at $1.

By Echo Wang and Joey Roulette Feb 2 (Reuters) - Elon Musk said on Monday that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk's AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot.

As rumors swirl about a SpaceX IPO, Elon Musk's rocket ship company makes an even bigger move.

Elon Musk is already the world's richest man, but soon he'll own the world's most valuable private company, as the result of a major SpaceX merger.

If Musk succeeds in taking SpaceX public this year, it will likely sell about 10% of its equity in the IPO, raising $125 billion. That figure would handily exceed Saudi Aramco’s IPO proceeds of $29.4 billion, the largest global IPO ever, and Alibaba’s IPO proceeds of $21.8 billion, still the largest ever in the US since its 2014 debut.

The space race between U.S. billionaires is heating up, with Elon Musk's SpaceX planning to build a lunar base and Jeff Bezos pushing Blue Origin's ambitions as both companies aim to return humans to the moon ahead of a planned mission by China in 2030.

The filing follows approval of Starlink’s Gen2 expansion and Elon Musk’s push to move AI infrastructure into orbit.

Musk said getting all that AI and solar capacity in space will require about 10,000 launches a year—or a launch in less than an hour every day.