SpaceX acquires xAI in a deal projected to be worth $1.25 trillion

Elon Musk has confirmed that his private space company SpaceX (SPAX.PVT) will merge with his private AI developer xAI (XAAI.PVT) ahead of SpaceX's IPO planned later this year. This merger is projected to be worth up to $1.25 trillion as Musk hopes to develop data centers in space. Buttonwood Funds founding partner and managing member Joseph Alagna — whose firm is invested in both SpaceX and xAI —comes on Market Catalysts to discuss the timeline of this deal, its data center ambitions, and prediction markets speculation over whether SpaceX or OpenAI (OPAI.PVT) will go public first. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here: https://finance.yahoo.com/videos/series/market-catalysts/ #youtube #stocks #SpaceX #investing About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance

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