TL;DR: SpaceX's all-stock acquisition of xAI at a $250B valuation gives xAI investors a path to liquidity through SpaceX's anticipated 2026 IPO while consolidating Musk's AI and space ambitions around orbital data centers. Sacra estimates combined xAI and X revenue hit ~$3.8B annualized at the end of 2025, up 38x from ~$100M in 2024. For more, check out our full report and dataset on xAI...