US EditionSpaceX Reportedly Weighs Mergers with Tesla or xAI Ahead of IPO
- 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.
150 Articles
150 Articles
Elon Musk's AI company xAI needs a lot of money. One solution could be to open up access to billions of space companies also run by the tech billionaire SpaceX.
Elon Musk is said in advanced talks to combine SpaceX, xAI
By Liana Baker, Dinesh Nair, Eric Johnson and Ryan Gould, Bloomberg Elon Musk is in advanced talks to combine SpaceX with xAI, according to people familiar with the matter, underscoring how the billionaire’s vision for an artificial intelligence-powered world has grown too costly for any one of his entities to shoulder alone. Musk’s rocket and satellite group and his artificial intelligence firm have informed some of their investors about the pl…
Elon Musk is in advanced discussions to merge SpaceX and xAI, ahead of a possible introduction to the stock exchange this year.
Is Musk merging with Musk? It certainly seems so. SpaceX (owned by Elon Musk) is in advanced talks to merge with xAI…
A possible merger would bring two of the world's most valuable private tech companies under one roof. The talks were "advanced", it is said from informed circles.
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