SpaceX In Merger Talks With xAI Ahead of IPO, Reuters Reports

Elon Musk’s SpaceX is in discussions with his artificial intelligence firm xAI about a potential merger ahead of the rocket and satellite maker’s potential blockbuster IPO, Reuters reported.

A merger of the two companies, which both count Musk as their chief executive officer, would bring his rockets, Starlink satellites, his social media platform X and the Grok AI chatbot together in a single entity, Reuters said, citing an unidentified person briefed on the matter.

Shares of xAI would be exchanged for shares in SpaceX, and two legal entities were set up in Nevada on Jan. 21 for the ...