SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

A SpaceX Starship spacecraft rolls out toward its launch pad past the Starbase Manufacturing Facility before its 10th test flight from the company's complex in Starbase, Texas, U.S., August 23, 2025.

What you need to know:

  • SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority to review M&A transactions for national security and other risks.