SpaceX has officially acquired Elon Musk’s AI company, xAI, in a record-breaking merger that values the combined entity at approximately $1.25 trillion. The $1.25 trillion figure is based on a valuation of $1 trillion for SpaceX and $250 billion for xAI.

This deal marks the largest merger and acquisition (M&A) in history, surpassing the previous $203 billion record set by Vodafone’s acquisition of Mannesmann in 2000.

The combined company of SpaceX and xAI is expected to price shares at about $527 each. SpaceX was already the world’s most valuable privately held company, last valued at $800 billion in a recent insider share sale. xAI was valued at $250 billion in January, according to Forbes.

These are the top 10 most valuable private companies in the world based on the latest valuations:

1. 🇺🇸 SpaceX: $1.25 trillion

2. 🇺🇸 OpenAI: $500 billion

3. 🇨🇳 ByteDance: $480 billion

4. 🇺🇸 Anthropic: $350 billion

5. 🇺🇸 Stripe: $107 billion

6. 🇺🇸 Databricks: $100 billion

7. 🇨🇳 Ant Group: $79 billion

8. 🇬🇧 Revolut: $75 billion

9. 🇨🇳 Binance: $62 billion

10. 🇦🇺 Canva: $42 billion

Source: Based on the latest media reports from Reuters, Bloomberg and CNBC

Elon Musk said “This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!”