In a groundbreaking new report from\u00a0Reuters, SpaceX is reportedly discussing merger possibilities with xAI ahead of the space exploration company\u2019s plans to IPO later this year, in what would be a blockbuster move.<\/p>\n
The outlet said it would combine rockets and Starlink satellites, as well as the X social media platform and AI project Grok under one roof. The report cites \u201ca person briefed on the matter and two recent company filings seen by\u00a0Reuters<\/a>.\u201d<\/p>\n Musk, nor SpaceX or xAI, have commented on the report, so, as of now, it is unconfirmed.<\/p>\n With that being said, the proposed merger would bring shares of xAI<\/a> in exchange for shares of SpaceX. Both companies were registered in Nevada to expedite the transaction, according to the report.<\/p>\n Tesla announces massive investment into xAI<\/a><\/p>\n<\/p>\n On January 21, both entities were registered in Nevada. The report continues:<\/p>\n \u201cOne of them, a limited liability company, lists SpaceX \u200band Bret Johnsen, the company\u2019s chief financial officer, as managing members, while the other lists Johnsen as the company\u2019s only officer, the filings show.\u201d<\/p>\n The source also stated that some xAI executives could be given the option to receive cash in lieu of SpaceX stock. No agreement has been reached, nothing has been signed, and the timing and structure, as well as other important details, have not been finalized.<\/p>\n SpaceX is valued at $800 billion and is the most valuable privately held company, while xAI is valued at $230 billion as of November. SpaceX could be going public later this year<\/a>, as Musk has said as recently as December that the company would offer its stock publicly.<\/p>\n