Feb 202602
SpaceX merges with xAI
Maker of the Grok frontier large language model, with a business that includes X and a government offering called xAI Gov
UndisclosedClosed Feb 2, 2026
Company
Space Exploration Technologies Corp.
| Headquarters | Starbase, TX ↗ |
|---|---|
| Founded | 2002 ↗ |
| Leadership | Elon Musk, CEO and founder ↗; Gwynne Shotwell, president and COO ↗ |
| Employees | 22,621 ↗ |
| Department of War obligations | $7.3 billion in prime contracts since fiscal 2022 ↗ |
| Ownership | Public, Nasdaq: SPCX ↗; Musk, 84% of votes ↗ |
Products
- Falcon 9 is SpaceX's orbital launch vehicle, averaging about three launches per week as of May 2026. ↗
- Starship is SpaceX's launch vehicle, the largest in history, which SpaceX plans to adapt as a lunar lander for NASA's Artemis program. ↗
- Starlink is SpaceX's satellite constellation and broadband internet service, and the source of the bulk of its income. ↗
- SpaceX's Starfall orbit-to-Earth delivery capsule received FAA approval on May 15, 2026. ↗
Customers
- NASA, the U.S. Space Force and the National Reconnaissance Office are among SpaceX's largest customers. ↗
Deals since 2020
Segments
- SpaceX reports three segments: Space, Connectivity and AI. ↗
Our coverage
- Contracts · SpaceViasat wins contract for Space Data Network’s mission operations hubThe award includes a $115 million initial task order to design, field and scale the center, under a contract with a $450 million ceiling.
- Contracts · SpaceSpace Force considers translator satellites for incompatible networks, Breaking Defense reportsSources told Breaking Defense a wider network overhaul could cost up to $1 billion; five companies already hold prototype awards for translator satellites.
- Industry · SpaceHIMERA and GomSpace's Ukrainian communications test satellite is operating in orbitThe companies plan a nationwide network and local production of satellites and ground terminals, with OBRIA NANO testing intended to inform the system's design.
- M&ASpaceX and Tesla boards form committees to explore a possible combinationSpaceX's committee will evaluate a potential combination, while Tesla's will explore a closer relationship that could include one.
- Contracts · SpaceDefense News: Officials say Ukraine Starshield restriction originated inside White HouseDefense News, carrying Reuters reporting, cites anonymous officials on the order's origin. A senior U.S. official denies that the president requested the restriction.
