"SpaceX is in the headlines as the company recently acquired xAI in the largest M&A transaction in history. A little-known company called Destiny Tech100 (NYSE:DXYZ ) could become a multibagger once this entity goes public. The combined value puts xAI at $250 billion and SpaceX at $1 trillion, which is bringing together SpaceX's rockets and Starlink satellites with xAI's Grok chatbot, X social platform, and AI infrastructure. Musk has stated that the "most cost-effective location for AI will be in space" within 2-3 years."
"SpaceX CFO Bret Johnsen has been holding talks and Zoom calls with existing private investors since December 2025 to explore the mid-2026 IPO. It is one of the only profitable space companies, with $8 billion of profit last year on $15.5 billion in revenue. It is likely that SpaceX is growing aggressively fast due to the number of space launches that have been conducted. 2019 saw 102 space launches that rose to 324 in 2025."
SpaceX acquired xAI and the combined valuations place xAI at $250 billion and SpaceX at $1 trillion, uniting rockets, Starlink, Grok, X, and AI infrastructure. Musk projected that the most cost-effective location for AI will be in space within 2–3 years. SpaceX engaged private investors in talks since December 2025 to explore a mid-2026 IPO and reported $8 billion profit on $15.5 billion revenue last year. Launch activity rose from 102 in 2019 to 324 in 2025. Destiny Tech100 (NYSE:DXYZ) is a closed-end fund that provides access to private tech shares, with SpaceX comprising 23–35% of the fund and heavily influencing its share price.
Read at 24/7 Wall St.
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