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SpaceX Rebrands as SpaceXAI, Merges xAI on Monday; SPCX Stock Dips 1%

AI Industry News Stocks

2026-07-07 03:38:09

Elon Musk's SpaceX rebranded as SpaceXAI and unveiled a new logo on Monday (July 6), formally marking the full integration of his AI startup xAI into the rocket company. The rebrand was announced via a post on X.

SPCX shares closed down 1% on Monday at $160.42 ahead of the company's inclusion in the Nasdaq-100 index on July 7. In its IPO prospectus, SpaceX identified AI as the largest addressable market segment at $26.5 trillion of its total $28.5 trillion TAM.

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