XAI told workers the company won’t be changing its name anytime soon, even after it announced SpaceX had acquired the company on Monday.
In a Q&A sent to employees on Monday, the company said xAI’s mission remains “unchanged” and that its price-to-share valuation will remain the same. Workers will soon learn more about how the acquisition will impact their equity, according to the Q&A.
The joint venture is still continuing to prepare for a “possible IPO in 2026,” according to the memo.
“Whether it actually happens, when it happens, and at what valuation are still highly uncertain,” it said.
SpaceX, which Musk founded in 2002, has reportedly been gearing up for an initial public offering that could value it at $1.5 trillion.
SpaceX and xAI did not immediately respond to a request for comment from Business Insider.
XAI plans to hold an all-hands in the coming days and host trainings related to the merger, the internal memo said. For now, both companies will maintain their separate branding, but the company “will be looking at how this might change in the future,” it said.
Despite the acquisition, xAI staff will not be allowed to access internal SpaceX databases or collaborate directly with workers at the rocket ship company without direct approval, the memo said. The companies will be kept separate due to regulations that control the sharing of defense and space-related technology that could impact national security. SpaceX workers may be allowed access to xAI internal tools, it said.
SpaceX and xAI CEO Elon Musk sent a memo to staff earlier on Monday announcing the acquisition. In the email, which was later shared online, he said the merger would allow the joint venture to eventually launch data centers in space.
He wrote that the deal would create “the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform.”
Last year, Musk announced that xAI merged with his social media company, X.
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