The artificial intelligence company xAI, founded by Musk, announced in the wee hours of July 7 that it has been rebranded as SpaceXAI, with its logo and X platform username updated accordingly. Earlier this year, in February, xAI was acquired by SpaceX. Then, in May, Musk declared that xAI would relinquish its status as an independent entity and be integrated into SpaceX, with all its AI products consolidated under the SpaceXAI brand. This rebranding initiative followed SpaceX's successful completion of its initial public offering (IPO) in June. During this IPO, SpaceX raised $75 billion, with an estimated valuation soaring to approximately $1.77 trillion, temporarily catapulting Musk to the status of the world's first trillionaire. According to the IPO filings, AI has emerged as SpaceX's primary investment focus, with plans to allocate $12.7 billion to the AI sector in 2025—a figure more than triple its expenditure on space and connectivity ventures. Despite currently operating at a net loss in its AI division, SpaceX remains optimistic about its immense growth potential, citing the "largest" total addressable market in human history. SpaceX aims to deploy AI computing satellites as early as 2028 and has already secured several sizable AI infrastructure contracts, including monthly commitments of $1.25 billion from Anthropic and $920 million from Google for leveraging its computational capabilities.