Elon Musk’s SpaceX Acquires Grok Parent xAI

Published : Feb 03, 2026, 04:05 AM IST
https://stocktwits.com/news-articles/markets/equity/elon-musk-spacex-acquires-grok-parent-xai/cZbgCs6R4ky

Synopsis

The CEO said that the demand for electricity from AI cannot be met by terrestrial solutions, mandating the need for space-based AI.

SpaceX CEO Elon Musk said on Monday that the company has acquired his AI startup xAI to accelerate space-based artificial intelligence.

Musk said that the demand for electricity from AI cannot be met by terrestrial solutions, mandating the need for space-based AI. The CEO is now looking to harness solar energy from space to power AI goals.

“Launching a constellation of a million satellites that operate as orbital data centers is a first step towards becoming a Kardashev II-level civilization, one that can harness the Sun’s full power, while supporting AI-driven applications for billions of people today and ensuring humanity’s multi-planetary future,” Musk said in a statement. 

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