SpaceX acquires Elon Musk's AI startup xAI
Deal · AcquisitionSpaceX, xAI, +1AIBusiness Wire
xAI
CompanyOwned by SpaceX (Company) · acquired 2 Feb· United States· AI
US artificial intelligence company behind Grok.
Minutes holds 2 developments and 2 deals naming xAI, recorded from January 2026.
Funding
- 1
- $20B
- Series D+
- 8
- Acquired by SpaceX
Funding rounds
| Date | Round | Amount | Post-money | Led by | Returning |
|---|---|---|---|---|---|
| 6 January 2026 | Series D+ | $20B | — | — | 0 of 8 |
Investors
| Investor | Kind | First round | Rounds joined | Led |
|---|---|---|---|---|
| Valor Equity Partners | Private equity | 6 January 2026 | 1 | 0 |
| StepStone Group | Asset manager | 6 January 2026 | 1 | 0 |
| Fidelity Management & Research Company | Asset manager | 6 January 2026 | 1 | 0 |
| Qatar Investment Authority | Sovereign wealth fund | 6 January 2026 | 1 | 0 |
| MGX | Organization | 6 January 2026 | 1 | 0 |
| Baron Capital Group | Organization | 6 January 2026 | 1 | 0 |
| NVIDIA | Company | 6 January 2026 | 1 | 0 |
| Cisco Investments | Organization | 6 January 2026 | 1 | 0 |
Investors named in rounds Minutes has recorded. Undisclosed participants are not listed.
Deals in Minutes
| Company | Deal | Amount | Counterparties | Date ↓ | Status |
|---|---|---|---|---|---|
| xAIAI | Acquisition | Not recorded | Acquired by SpaceX | 2 Feb | Closed |
| xAIAI | FundingSeries E | $20B | Investors Valor Equity Partners, StepStone Group +6 | 6 Jan | Closed |