Mint Explainer | Why SpaceXs $75 billion IPO matters: Size, stakes and market impact

In 2026, SpaceX acquired xAI, the company behind the Grok chatbot. xAI had previously acquired X, bringing a large social media platform and its real-time data stream into the fold. As a result, SpaceX combines rockets, satellite internet, artificial intelligence and a global social media network under one corporate structure.