SpaceX-xAI $1.25T Merger and OpenAI $122B Raise Drive AI to Trillion-Dollar Scale

SpaceX completed its $250 billion acquisition of xAI, forming a vertically integrated entity valued at $1.25 trillion, the largest merger in corporate history. OpenAI secured a $122 billion funding round at an $852 billion valuation, as Anthropic achieved 30x growth to $30 billion annual recurring revenue, surpassing OpenAI’s $25 billion. April 2026 model releases across GPT-5.4, Claude Mythos 5, and Gemini 3.1 Pro mark AI’s shift to economic powerhouse status.