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The SpaceX IPO story just got more interesting.
In early February, SpaceX acquired xAI in a deal valued at $1.25 trillion — the largest merger of all time. The combination brings together rockets, Starlink satellite internet, the Grok AI model, and the X social platform under a single company.
It’s part of Elon Musk’s new Space Master Plan.
Simply go here to claim Pre-IPO shares of Elon’s SpaceX.
Musk described the vision as “the most ambitious, vertically-integrated innovation engine on (and off) Earth.”
Now he’s making it clear he intends to build xAI the right way.
In a post on X this week, Musk said the AI division “was not built right first time around, so is being rebuilt from the foundations up.” He also acknowledged that talented candidates had been turned away during the early hiring process — and said the company is now going back through its interview history to reach out to promising people it previously passed on.
That’s a founder who is paying attention and course-correcting — not walking away.
The rebuilding is already underway. SpaceX announced two new engineering hires from Cursor, one of the hottest AI coding startups in Silicon Valley. The move signals that Musk is serious about competing directly with OpenAI and Anthropic in the AI coding space.
Meanwhile, xAI’s Grok has quietly won real traction. Under the Trump presidency, xAI’s Grok has won government contracts from the Defense Department and General Services Administration. Tesla is also integrating Grok into its vehicle systems and using it in the development of Optimus humanoid robots — creating a flywheel of real-world AI applications across the Musk empire.
The core SpaceX business remains the foundation. SpaceX generated an estimated $8 billion in profit on $15–$16 billion of revenue in 2025. Starlink alone accounts for the bulk of that revenue, with 9 million customers and a growing international footprint.
Adding xAI — and rebuilding it with better talent and stronger products — could make the IPO story even more compelling for investors. A space company with a profitable satellite network is one thing. An AI-powered space company with government contracts, its own large language model, and integration across Tesla and X is something different entirely.
The IPO is still targeting a June listing window, with an estimated valuation of $1.5–$1.75 trillion and approximately $50 billion to be raised.
That’s why investors on Wall Street and in Silicon Valley are rushing to secure shares of SpaceX today. They’re not waiting for the Nasdaq listing.
Go here to discover how to secure a stake today.
Ian Wyatt