Acquiring Company
SpaceXAI
Acquired Company
xAI
New YorkInformation TechnologyDescription
SpaceXAI was created following the merger of xAI and SpaceX earlier this year. The merger has implications for contractor payments and legal disputes involving Darana Hybrid. A lawsuit has been filed regarding unpaid invoices after the merger took place.
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Based on deal dataFrequently asked
Who acquired xAI?
xAI was acquired by SpaceXAI, based in New York. The deal was reported on August 10, 2026. SpaceXAI is a technology company formed by the merger of xAI and SpaceX. It focuses on advanced AI and aerospace technologies. The company is part of Elon Musk's portfolio of innovative ventures. SpaceXAI is privately held and operates in Information Technology.
When did SpaceXAI acquire xAI?
SpaceXAI's acquisition of xAI was reported on August 10, 2026. SpaceXAI was created following the merger of xAI and SpaceX earlier this year. The merger has implications for contractor payments and legal disputes involving Darana Hybrid. A lawsuit has been filed regarding unpaid invoices after the merger took place. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does xAI do?
Elon Musk started xAI in July after hiring researchers from OpenAI, Google DeepMind, Tesla and the University of Toronto. It is privately held.