Elon Musk may merge SpaceX with his AI company xAI ahead of IPO
Elon Musk vast empire may soon come under a single umbrella, becoming a single, trillion-dollar “super-conglomerate”, a report has said. Citing regulatory filings, news agency Reuters reported that SpaceX is in active discussions to merge with Musk’s artificial intelligence startup, xAI, ahead of an Initial Public Offering (IPO) rumoured for later this year. This means that the move will essentially bring Musk’s most powerful assets, space company SpaceX, the Starlink satellite constellation, X social media platform and Grok chatbot maker xAI under one corporate roof.
Why Elon Musk wants to merge his companies
