xAIISO/NSO
xAI equity calculator: value your ISO/NSO at the $250B valuation
Calculate the current value of your xAI equity using secondary market data and four independent valuation methods. Based on the latest valuation at $250B. Free, no account required.
xAI — current market snapshot
Last primary round
$250B
Merged into SpaceX · 2026-02
Secondary market
—
No recent verified signal
Annual revenue (ARR)
$0.5B
+300% YoY
Equity type
ISO/NSO
Strike: $180–$230
Key things to know
- →xAI is valued at $250B following the SpaceX merger — one of the largest AI company valuations globally.
- →Secondary market implied valuation: $250B. Secondary market is in line with the last primary transaction.
- →Typical strike price range: $180–$230 depending on grant year.
- →IPO highly anticipated, likely 2026–2027. xAI/SpaceX structure creates a unique liquidity path.
Open the calculator
Enter your actual shares, equity type, and strike price. PrivatePulse uses secondary market data and four independent valuation methods to give you a defensible range.
Calculate my xAI equity →Free · No account required · Takes 2 minutes
Liquidity outlook for xAI
IPO highly anticipated, likely 2026–2027 given massive scale. One of the most closely watched pre-IPO names in tech.
As an option holder, you'll need to exercise your ISO/NSO to own shares. Strike price, exercise cost, and tax treatment (ISO vs NSO) all matter. Model carefully with a CPA.
Frequently asked questions
What is my xAI equity worth right now?↓
xAI's Merged into SpaceX (2026) valued the company at $250B. Secondary market data (Hiive, Forge, Caplight) gives a live read on implied valuation — PrivatePulse tracks this and updates every week. Gross value per option = (secondary share price − your strike price). Multiply by your vested count, then subtract taxes. The PrivatePulse calculator handles all of this automatically. Note: xAI has since exited the private market — refer to the exit terms for current value.
When will xAI go public or offer liquidity?↓
xAI merged into SpaceX on Feb 2, 2026 (all-stock deal). Legacy xAI equity was converted to SpaceX shares at a ratio of 0. Employees with vested equity should refer to the exit terms for current liquidation details.
What is the xAI strike price for employee options?↓
Strike prices at xAI vary by grant year and cohort. Recent grants typically carry strikes in the $4–$230 range per share. Your grant agreement shows your exact 409A strike. With xAI now implying ~$250B, the intrinsic value per option is (current secondary price per share − your strike); enter your numbers in the PrivatePulse calculator to see the full picture including AMT and vesting schedule.
What's the difference between xAI ISOs and NSOs?↓
xAI typically grants a mix of Incentive Stock Options (ISOs) and Non-Qualified Stock Options (NSOs). ISOs: exercised spread is not taxed as income — instead it creates an AMT preference item. Long-term capital gains treatment is available if you hold shares 2 years from grant and 1 year from exercise. NSOs: exercised spread is ordinary income immediately — simpler but less tax-efficient. Both types require payment of the strike price to exercise. Use the PrivatePulse calculator to model the after-tax outcome under ISO vs NSO treatment at the current $250B implied valuation.