Sources: SpaceX plans to merge with xAI ahead of an IPO; the combined company is expected to price shares at ~$527 each and would have a valuation of $1.25T (Bloomberg)

https://www.bloomberg.com/news/articles/2026-02-02/elon-musk-s-spacex-said-to-combine-with-xai-ahead-of-mega-ipo
http://www.techmeme.com/260202/p37#a260202p37