Space companies rise after SpaceX merges with xAI at $1.25 trillion valuation

Shares of space companies rise premarket after SpaceX merges with xAI in record-setting deal as Elon Musk looks to unify AI and space ambitions

Sidus Space SIDU.O rose 13.5%, Rocket Lab RKLB.O gained 3.4%, AST SpaceMobile ASTS.O up 2.4%, Satellogic

Voyager Tech VOYG.N up 2.2%, Virgin Galactic SPCE.N rose 2%, Planet Labs PL.N added 3.4%, Intuitive Machines LUNR.O gained 1.8%

Deal values SpaceX at $1 trln and xAI at $250 bln, making it the largest M&A transaction ever

The tie-up will accelerate efforts to scale AI and support ambitions across SpaceX’s defense and data-center businesses

Combined co of SpaceX and xAI expected to price shares at about $527 each