SpaceX completes its acquisition of xAI

Completion

Completed on February 2, 2026; xAI became a wholly owned subsidiary of SpaceX. 10-Q ↗

“On February 2, 2026 ("xAI Merger Date"), the Company completed its acquisition of X.AI Holdings Corp. ("xAI"), pursuant to which xAI became a wholly-owned subsidiary of the Company ("xAI Merger").”

Structure

Both this merger and xAI's earlier merger with X were share exchanges. 10-Q ↗

“The Mergers were each effected through a share exchange.”

Earlier merger

xAI had acquired X Holdings Corp. on March 28, 2025. 10-Q ↗

“Prior to the xAI Merger, on March 28, 2025, xAI completed its acquisition of X Holdings Corp. ("X") and X.AI Corp., in which X and X.AI Corp. became wholly-owned subsidiaries of xAI”

Segments

SpaceX reports three segments: Space, Connectivity and AI. 10-Q ↗

“three operating and reportable segments: (i) Space, (ii) Connectivity, and (iii) AI.”

• Company metric in the same source: AI segment revenue $2.56B

  Filed, as of Jun 30, 2026 · “Three Months Ended June 30, 2026 Space Connectivity AI Total Reportable Segments Revenue $ 962 $ 4,291 $ 2,561 $ 7,814”

• Company metric in the same source: AI segment capital expenditures $15.83B

  Filed, as of Jun 30, 2026 · “Capital expenditures $ 1,174 $ 1,367 $ 15,828 $ 18,369”

• Company metric in the same source: AI segment revenue $3.38B

  Filed, as of Jun 30, 2026 · “Six Months Ended June 30, 2026 Space Connectivity AI Total Reportable Segments Revenue $ 1,581 $ 7,548 $ 3,379 $ 12,508”

• Company metric in the same source: AI segment capital expenditures $23.55B

  Filed, as of Jun 30, 2026 · “Capital expenditures $ 2,226 $ 2,699 $ 23,551 $ 28,476”

1. SEC EDGAR (Space Exploration Technologies Corp.), “SpaceX Form 10-Q for the quarter ended June 30, 2026”, Aug 4, 2026 · Form 10-Q, accession 0001628280-26-052535 · retrieved Oct 20, 2026

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