US EditionSpaceX Reportedly Weighs Mergers with Tesla or xAI Ahead of IPO
SpaceX and xAI plan to merge via share exchange to unify Musk’s space, AI, and social media assets before a potential $1.5 trillion IPO later this year.
- On Jan 29, Reuters reported SpaceX and xAI are in discussions to merge ahead of a planned SpaceX IPO later this year.
- Industry observers note the orbital-data rationale behind the discussions, and SpaceX's IPO target of about $1.5 trillion could motivate packaging additional assets this year, Elon Musk said.
- Filings show two Nevada entities were established on January 21: K2 Merger Sub Inc. and K2 Merger Sub 2 LLC, with Bret Johnsen, SpaceX chief financial officer, named managing member or sole officer.
- Market reaction was immediate, with Tesla's stock up after the news as Tesla's shares rose 3% in after-hours trading, and Elon Musk, SpaceX and xAI did not respond to requests for comment.
- Analysts say the combination would complicate the IPO but boost orbital AI ambitions, attracting infrastructure funds and Middle Eastern sovereign investors while leveraging Grok's $200 million Pentagon contract and Starshield's classified AI satellites.
88 Articles
88 Articles
Tesla, SpaceX, & xAI Merging? - CleanTechnica
Well, things might be getting wild. When SolarCity was facing financial challenges, Tesla swallowed it up. Elon Musk was the Chairman of the Board at SolarCity, and his cousins were the cofounders, CEO, and CTO. The synergies were supposed to help both, but Tesla’s solar business has declined a great ... [continued] The post Tesla, SpaceX, & xAI Merging? appeared first on CleanTechnica.
SpaceX in merger talks with other Musk firms ahead of IPO
SpaceX is exploring deals with other companies helmed by serial entrepreneur Elon Musk, leaving investors working through permutations between space, autonomous driving and artificial intelligence to analyse which combination makes the most sense.
Elon Musk's SpaceX considering merger with Tesla, Bloomberg News reports
Elon Musk's SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday, citing people familiar with the matter.SpaceX and xAI are in discussions
Elon Musk's SpaceX in merger talks with xAI ahead of planned IPO, source says
Elon Musk's SpaceX and xAI are reportedly in talks for a merger. This combination aims to unite SpaceX's rockets, Starlink satellites, X social media, and Grok AI. The move precedes a major public offering planned for later this year. This strategic integration could significantly boost SpaceX's efforts in the competitive AI landscape and space-based data centers.
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
