Elon Musk announced on March 22, 2026 that SpaceX and Tesla will build two advanced chip factories in Austin, Texas under the Terafab project, with xAI also participating. One facility will produce chips for Tesla vehicles and Optimus humanoid rob...

Tesla disclosed in an FTC filing that it converted its $2 billion stake in xAI into equity in SpaceX, according to Bloomberg. The transaction effectively reallocates exposure from Elon Musk’s AI platform into his launch and satellite business, ahe...

Saudi Arabia’s HUMAIN (linked to PIF) said it made a $3B investment into xAI’s Series E shortly before xAI was acquired by SpaceX, meaning the position converted into SpaceX equity through the transaction. The capital injection builds on an existi...

Bloomberg reports thatSpaceX and xAI are among participants in a Pentagon and DIU-linked contest focused on voice-controlled autonomous drone swarming, described as a $100M prize challenge with a roughly six-month timeline.If confirmed, the commer...

Reuters reports Apollo is nearing a$3.4 billion loan to an investment vehicle that would buy Nvidia chips and lease them to xAI, reportedly arranged by Valor Equity Partners; another example of structured finance being used to scale AI compute wit...

SpaceX has officially acquired xAI in a deal that values the combined entity at approximately $1.25 trillion, solidifying its status as the world’s most valuable private company. Under the terms, xAI shareholders will receive 0.1433 SpaceX shares ...