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SpaceX Reportedly Weighs Mergers with Tesla or xAI Ahead of IPO
SpaceX aims to merge with xAI before a planned IPO, combining rockets, satellites, AI, and social media under one roof to build space-based AI data centers, valued at $1 trillion combined.
- 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.
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Elon Musk’s SpaceX said to consider merger with Tesla or xAI
SpaceX is considering a potential merger with Tesla Inc., as well as an alternative combination with artificial intelligence firm xAI, according to people familiar with the matter, a sign billionaire Elon Musk is weighing how to consolidate his empire.
·San Jose, United States
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SpaceX explores merger with Tesla or xAI as Elon Musk weighs empire consolidation - Tech Startups
Elon Musk may be preparing his boldest corporate reshuffle yet, and this one could redraw the lines between rockets, electric cars, and artificial intelligence. SpaceX is quietly weighing deals that would bring one of Musk’s other companies under the same […] The post SpaceX explores merger with Tesla or xAI as Elon Musk weighs empire consolidation first appeared on Tech Startups.
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Total News Sources113
Leaning Left16Leaning Right17Center21Last UpdatedBias Distribution39% Center
Bias Distribution
- 39% of the sources are Center
39% Center
L 30%
C 39%
R 31%
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