---
title: "SpaceX acquires xAI, with plans for AI data centres in space"
description: "According to Bloomberg, the combined company is worth $1.25 trillion. Musk says Earth alone can't supply enough power for AI."
url: https://kurddevelopers.com/en/news/spacex-acquires-xai
language: en # English
type: news
published: 2026-02-02T20:20:00.000Z
updated: 2026-11-01T23:10:40.000Z
author: "Osamah Ismail"
author_url: https://kurddevelopers.com/en/author/1
section: "AI"
tags: ["SpaceX","xAI","Elon Musk","Grok","Data centres"]
sources: ["SpaceX","Bloomberg","TechCrunch"]
image: https://kurddevelopers.com/uploads/2026/11/olm-full-pressure-water-deluge-test-20230728072823-6820fc76.jpg
translations:
  ku: https://kurddevelopers.com/news/spacex-acquires-xai
  ar: https://kurddevelopers.com/ar/news/spacex-acquires-xai
publisher: Kurd Developers
publisher_url: https://kurddevelopers.com/
---

# SpaceX acquires xAI, with plans for AI data centres in space

> According to Bloomberg, the combined company is worth $1.25 trillion. Musk says Earth alone can't supply enough power for AI.

![Image: SpaceX](https://kurddevelopers.com/uploads/2026/11/olm-full-pressure-water-deluge-test-20230728072823-6820fc76.jpg)

On February 2, **SpaceX** officially acquired the AI company **xAI**; both are owned by **Elon Musk**. The deal creates "the world's most valuable private company".

## The numbers

- According to **Bloomberg**, the combined company is valued at **$1.25 trillion**
- xAI burns about **$1 billion** a month
- **Tesla** and **SpaceX** had each previously invested **$2 billion** in xAI

## Why?

Musk wrote in a memo:

> "Global electricity demand for AI simply cannot be met with terrestrial solutions."

The goal is to build **AI data centres** in **space**, powered by solar energy. SpaceX had already applied to launch up to 1 million satellites.

**Sources:** SpaceX, Bloomberg, TechCrunch

---

Published by [Kurd Developers](https://kurddevelopers.com/) on 2026-02-02. Cite as: “SpaceX acquires xAI, with plans for AI data centres in space”, Kurd Developers, https://kurddevelopers.com/en/news/spacex-acquires-xai