Redeemable Convertible Preferred Stock and Shareholders’ Equity - Schedule of Common Stock Activity (Details) - USD ($)
shares in Millions, $ in Millions |
3 Months Ended |
6 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
| Common Stock |
|
|
|
|
| Balance, beginning of period |
$ 34,533
|
$ 5,319
|
$ 2,573
|
$ 4,863
|
| Common stock issued, net |
|
$ (124)
|
|
807
|
| Conversion of stock |
$ 7,049
|
|
|
$ 1
|
| Repurchase of common stock (in shares) |
(10.5)
|
(0.3)
|
|
(28.2)
|
| Repurchase of common stock |
$ (80)
|
$ (12)
|
|
$ (520)
|
| Transfer of equity in business combination |
|
|
|
39
|
| Balance, end of period |
127,224
|
$ 5,217
|
$ 127,224
|
$ 5,217
|
| Share Repurchases from Current and Former xAI Employees |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(25.0)
|
|
| Repurchase of common stock |
|
|
$ (2,413)
|
|
| Share Repurchases from Existing Shareholders |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(41.0)
|
|
| Repurchase of common stock |
|
|
$ (1,944)
|
|
| Conversion of redeemable convertible preferred stock pursuant to xAI Merger |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock |
|
|
37,475
|
|
| Conversion of redeemable convertible preferred stock to common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock |
|
|
7,076
|
|
| IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net |
85,675
|
|
85,675
|
|
| Issuances Excluding IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net |
$ (253)
|
|
$ 2,208
|
|
| Class A Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
|
|
1,952.0
|
|
| Balances, end of period (in shares) |
7,607.0
|
|
7,607.0
|
|
| Class B Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
|
|
644.0
|
|
| Balances, end of period (in shares) |
5,569.0
|
|
5,569.0
|
|
| Class C Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
|
|
482.0
|
|
| Balances, end of period (in shares) |
0.0
|
|
0.0
|
|
| Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
5,798.0
|
3,024.0
|
3,079.0
|
3,023.0
|
| Balance, beginning of period |
$ 6
|
$ 3
|
$ 4
|
$ 3
|
| Common stock issued, net (in shares) |
|
25.0
|
|
51.0
|
| Common stock issued, net |
|
$ 1
|
|
$ 1
|
| Conversion of stock (in shares) |
6,723.0
|
|
|
2.0
|
| Conversion of stock |
$ 6
|
|
|
$ 0
|
| Repurchase of common stock (in shares) |
(10.0)
|
(1.0)
|
|
(29.0)
|
| Repurchase of common stock |
|
|
|
$ 0
|
| Transfer of equity in business combination (in shares) |
|
|
|
1.0
|
| Transfer of equity in business combination |
|
|
|
$ 0
|
| Balances, end of period (in shares) |
13,176.0
|
3,048.0
|
13,176.0
|
3,048.0
|
| Balance, end of period |
$ 13
|
$ 4
|
$ 13
|
$ 4
|
| Common Stock | Share Repurchases from Current and Former xAI Employees |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(25.0)
|
|
| Common Stock | Share Repurchases from Existing Shareholders |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(41.0)
|
|
| Common Stock | Conversion of redeemable convertible preferred stock pursuant to xAI Merger |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
|
|
1,424.0
|
|
| Conversion of stock |
|
|
$ 1
|
|
| Common Stock | Conversion of redeemable convertible preferred stock to common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
|
|
6,728.0
|
|
| Conversion of stock |
|
|
$ 6
|
|
| Common Stock | IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
639.0
|
|
639.0
|
|
| Common stock issued, net |
$ 1
|
|
$ 1
|
|
| Common Stock | Issuances Excluding IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
26.0
|
|
1,372.0
|
|
| Common stock issued, net |
|
|
$ 1
|
|
| Common Stock | Class A Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
2,884.0
|
1,862.0
|
1,952.0
|
1,832.0
|
| Balance, beginning of period |
$ 3
|
$ 2
|
$ 3
|
$ 2
|
| Common stock issued, net (in shares) |
|
3.0
|
|
21.0
|
| Common stock issued, net |
|
$ 1
|
|
$ 1
|
| Conversion of stock (in shares) |
|
2.0
|
|
|
| Conversion of stock |
|
$ 0
|
|
|
| Repurchase of common stock (in shares) |
(1.0)
|
0.0
|
|
(14.0)
|
| Repurchase of common stock |
$ 0
|
$ 0
|
|
$ 0
|
| Transfer of equity in business combination (in shares) |
|
|
|
1.0
|
| Transfer of equity in business combination |
|
|
|
$ 0
|
| Balances, end of period (in shares) |
7,607.0
|
1,867.0
|
7,607.0
|
1,867.0
|
| Balance, end of period |
$ 7
|
$ 3
|
$ 7
|
$ 3
|
| Common Stock | Class A Common Stock | Share Repurchases from Current and Former xAI Employees |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(3.0)
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class A Common Stock | Share Repurchases from Existing Shareholders |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(10.0)
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class A Common Stock | Conversion of redeemable convertible preferred stock pursuant to xAI Merger |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
|
|
886.0
|
|
| Conversion of stock |
|
|
$ 0
|
|
| Common Stock | Class A Common Stock | Conversion of redeemable convertible preferred stock to common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
3,448.0
|
|
3,453.0
|
1.0
|
| Conversion of stock |
$ 3
|
|
$ 3
|
$ 0
|
| Common Stock | Class A Common Stock | Conversion between classes of common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
612.0
|
|
637.0
|
26.0
|
| Conversion of stock |
$ 0
|
|
$ 0
|
$ 0
|
| Common Stock | Class A Common Stock | IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
639.0
|
|
639.0
|
|
| Common stock issued, net |
$ 1
|
|
$ 1
|
|
| Common Stock | Class A Common Stock | Issuances Excluding IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
25.0
|
|
53.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 0
|
|
| Common Stock | Class B Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
2,418.0
|
731.0
|
643.0
|
768.0
|
| Balance, beginning of period |
$ 3
|
$ 1
|
$ 1
|
$ 1
|
| Common stock issued, net (in shares) |
|
0.0
|
|
1.0
|
| Common stock issued, net |
|
$ 0
|
|
$ 0
|
| Conversion of stock (in shares) |
|
(2.0)
|
|
|
| Conversion of stock |
|
$ 0
|
|
|
| Repurchase of common stock (in shares) |
(9.0)
|
(1.0)
|
|
(15.0)
|
| Repurchase of common stock |
$ 0
|
$ 0
|
|
$ 0
|
| Transfer of equity in business combination (in shares) |
|
|
|
0.0
|
| Transfer of equity in business combination |
|
|
|
$ 0
|
| Balances, end of period (in shares) |
5,569.0
|
728.0
|
5,569.0
|
728.0
|
| Balance, end of period |
$ 6
|
$ 1
|
$ 6
|
$ 1
|
| Common Stock | Class B Common Stock | Share Repurchases from Current and Former xAI Employees |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(20.0)
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class B Common Stock | Share Repurchases from Existing Shareholders |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
(31.0)
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class B Common Stock | Conversion of redeemable convertible preferred stock pursuant to xAI Merger |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
|
|
537.0
|
|
| Conversion of stock |
|
|
$ 1
|
|
| Common Stock | Class B Common Stock | Conversion of redeemable convertible preferred stock to common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
3,274.0
|
|
3,274.0
|
0.0
|
| Conversion of stock |
$ 3
|
|
$ 3
|
$ 0
|
| Common Stock | Class B Common Stock | Conversion between classes of common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
(115.0)
|
|
(140.0)
|
(26.0)
|
| Conversion of stock |
$ 0
|
|
$ 0
|
$ 0
|
| Common Stock | Class B Common Stock | IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
0.0
|
|
0.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 0
|
|
| Common Stock | Class B Common Stock | Issuances Excluding IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
1.0
|
|
1,306.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 1
|
|
| Common Stock | Class C Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
497.0
|
431.0
|
484.0
|
423.0
|
| Balance, beginning of period |
$ 0
|
$ 0
|
$ 0
|
$ 0
|
| Common stock issued, net (in shares) |
|
22.0
|
|
29.0
|
| Common stock issued, net |
|
$ 0
|
|
$ 0
|
| Conversion of stock (in shares) |
|
0.0
|
|
|
| Conversion of stock |
|
$ 0
|
|
|
| Repurchase of common stock (in shares) |
0.0
|
0.0
|
|
0.0
|
| Repurchase of common stock |
$ 0
|
$ 0
|
|
$ 0
|
| Transfer of equity in business combination (in shares) |
|
|
|
0.0
|
| Transfer of equity in business combination |
|
|
|
$ 0
|
| Balances, end of period (in shares) |
0.0
|
453.0
|
0.0
|
453.0
|
| Balance, end of period |
$ 0
|
$ 0
|
$ 0
|
$ 0
|
| Common Stock | Class C Common Stock | Share Repurchases from Current and Former xAI Employees |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
0.0
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class C Common Stock | Share Repurchases from Existing Shareholders |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
0.0
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class C Common Stock | Conversion of redeemable convertible preferred stock pursuant to xAI Merger |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
|
|
0.0
|
|
| Conversion of stock |
|
|
$ 0
|
|
| Common Stock | Class C Common Stock | Conversion of redeemable convertible preferred stock to common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
0.0
|
|
0.0
|
1.0
|
| Conversion of stock |
$ 0
|
|
$ 0
|
$ 0
|
| Common Stock | Class C Common Stock | Conversion between classes of common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
(497.0)
|
|
(497.0)
|
0.0
|
| Conversion of stock |
$ 0
|
|
$ 0
|
$ 0
|
| Common Stock | Class C Common Stock | IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
0.0
|
|
0.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 0
|
|
| Common Stock | Class C Common Stock | Issuances Excluding IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
0.0
|
|
13.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 0
|
|
| Common Stock | Class D Common Stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Balances, beginning of period (in shares) |
0.0
|
0.0
|
0.0
|
0.0
|
| Balance, beginning of period |
$ 0
|
$ 0
|
$ 0
|
$ 0
|
| Common stock issued, net (in shares) |
|
0.0
|
|
0.0
|
| Common stock issued, net |
|
$ 0
|
|
$ 0
|
| Conversion of stock (in shares) |
|
0.0
|
|
|
| Conversion of stock |
|
$ 0
|
|
|
| Repurchase of common stock (in shares) |
0.0
|
0.0
|
|
0.0
|
| Repurchase of common stock |
$ 0
|
$ 0
|
|
$ 0
|
| Transfer of equity in business combination (in shares) |
|
|
|
0.0
|
| Transfer of equity in business combination |
|
|
|
$ 0
|
| Balances, end of period (in shares) |
0.0
|
0.0
|
0.0
|
0.0
|
| Balance, end of period |
$ 0
|
$ 0
|
$ 0
|
$ 0
|
| Common Stock | Class D Common Stock | Share Repurchases from Current and Former xAI Employees |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
0.0
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class D Common Stock | Share Repurchases from Existing Shareholders |
|
|
|
|
| Common Stock |
|
|
|
|
| Repurchase of common stock (in shares) |
|
|
0.0
|
|
| Repurchase of common stock |
|
|
$ 0
|
|
| Common Stock | Class D Common Stock | Conversion of redeemable convertible preferred stock pursuant to xAI Merger |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
|
|
0.0
|
|
| Conversion of stock |
|
|
$ 0
|
|
| Common Stock | Class D Common Stock | Conversion of redeemable convertible preferred stock to common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
0.0
|
|
0.0
|
0.0
|
| Conversion of stock |
$ 0
|
|
$ 0
|
$ 0
|
| Common Stock | Class D Common Stock | Conversion between classes of common stock |
|
|
|
|
| Common Stock |
|
|
|
|
| Conversion of stock (in shares) |
0.0
|
|
0.0
|
0.0
|
| Conversion of stock |
$ 0
|
|
$ 0
|
$ 0
|
| Common Stock | Class D Common Stock | IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
0.0
|
|
0.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 0
|
|
| Common Stock | Class D Common Stock | Issuances Excluding IPO |
|
|
|
|
| Common Stock |
|
|
|
|
| Common stock issued, net (in shares) |
0.0
|
|
0.0
|
|
| Common stock issued, net |
$ 0
|
|
$ 0
|
|