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Elon Musk's SpaceX, Tesla, and xAI in talks to merge, according to reports [TechCrunch]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
While the talks appear to be in the early stage, according to reports from Bloomberg and Reuters, it could eventually lead to at least one company folding into SpaceX. Two scenarios are being hashed out. In one, SpaceX and Tesla would merge, per Bloomberg , citing unnamed insiders. In another, SpaceX and aXI (which already owns Musk's social media platform X) would combine. According to reporting by Reuters , a merger between SpaceX and xAI could take place ahead of a planned SpaceX IPO this year. This would bring products like the Grok chatbot, X platform, Starlink satellites, and SpaceX rockets together under one corporation. Company representatives from SpaceX and xAI have not discussed this possibility in public. However, recent filings show that two new corporate entities were established in Nevada on January 21, which are called K2 Merger Sub Inc. and K2 Merger Sub 2 LLC. This suggests that Musk is keeping all options open. There are upsides to either scenario. Combining
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