Musk's SpaceX In Merger Talks With XAI Ahead Of Planned IPO: Reuters
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The deal would bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof.
NEW YORK (Reuters) — Elon Musk’s SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this year. The combination would bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof, according to a person briefed on the matter and two recent company filings seen by Reuters.
The plan, which Reuters is reporting exclusively, would give fresh momentum to SpaceX’s effort to launch data centers into orbit as Musk battles for supremacy in the rapidly escalating AI race against tech giants like Google, Meta and OpenAI.
Musk, the world’s richest man, is the CEO of both the private space company SpaceX and the artificial intelligence company xAI, which controls his social media platform X. He also runs electric automaker Tesla, tunnel company The Boring Co. and neurotechnology company Neuralink.
Musk, SpaceX, and xAI did not respond to requests for comment.
Under the proposed merger, shares of xAI would be exchanged for shares in SpaceX. Two entities have been set up in Nevada to facilitate the transaction, the person said.
