The big news today is that SpaceX has merged with xAI, and we, the daily active users of X, have officially become users of SpaceX. A little sorting out of the relationships between the companies under Elon Musk's umbrella reveals that they are actually complex and intricate In March 2025, xAI acquired Twitter, allowing the platform's 600 million active users to continuously provide natural language corpus for xAI. This is also a major advantage of xAI compared to other AI companies. In January 2026, Tesla invested $2 billion in xAI's Series E financing, allowing Tesla to more deeply leverage xAI's Grok, such as in car systems and training Optimus robots. In February 2026 (today), SpaceX acquired xAI Corporation, which means Tesla will directly hold a minority stake in SpaceX (after the merger). There are even more collaborations at other business levels, such as Tesla purchasing Starlink from SpaceX to provide a network for vehicles; Talent flow between several companies; SpaceX purchases battery packs (Megapark) and other components from Tesla. There are a few more data: The valuation of the merged company is $1.25 trillion, with SpaceX at $1 trillion (previously $800 billion) and xAI at $250 billion (previously $230 billion). Plan to IPO in mid-2026, with a target financing of 50 billion yuan, priced at approximately $527 per share. XAI consumes around $1 billion in cash every month, while SpaceX has good cash flow, which is also one of the reasons for the merger. This year, there will be IPOs of giants such as SpaceX, OpenAI, Anthropic, and Stripe in the US stock market, and concerns about high point bloodsucking are increasing.