xAI

Acquirer: SpaceX

SpaceX has acquired xAI, Elon Musk’s fast-growing artificial intelligence venture, in a move designed to bring the billionaire entrepreneur’s AI, space and communications ambitions under a single corporate structure. Summary of transaction details: Value: null Sector: DeepTech & AI Advisor: null Key Entities: SpaceX, xAI Location: null Note: The deal unites the world’s most valuable private aerospace company with the developer of the Grok chatbot, marking one of the most striking corporate combinations to emerge from Silicon Valley in recent years.

Investor: Nvidia, Fidelity, Qatar's sovereign wealth fund, Valor Equity Partners

xAI has secured £15.7bn in fresh funding, exceeding its initial £15bn target. Summary of transaction details: Value: £15.7bn Sector: Artificial Intelligence Advisor: null Key Entities: xAI, Nvidia, Fidelity, Qatar's sovereign wealth fund, Valor Equity Partners Location: null Note: The funding round will support xAI's aggressive expansion, including the build-out of large-scale data centres in Memphis, Tennessee, and further development of its AI models.