Musk’s xAI Co-Founder to Buy £57 Million London Penthouse

Igor Babuschkin, co-founder of Elon Musk’s xAI, has agreed to buy a penthouse overlooking London’s Hyde Park for about £57 million ($68 million), marking the most expensive UK home deal in more than a year.

Babuschkin decided on the purchase about two weeks ago, days before it was announced that Musk had combined SpaceX and xAI in a deal that valued the merged entity at $1.25 trillion, people familiar with the matter said, asking not to be named as the information is private. It’s the first £50 million-plus London home deal since late 2024, when a mansion in Regent’s Park sold for about £139 million.