"One of them, a limited liability company, lists SpaceX and Bret Johnsen, the company's chief financial officer, as managing members, while the other lists Johnsen as the company's only officer, the filings show."
"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. 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, as Musk has said as recently as December that the company would offer its stock publicly."
SpaceX is exploring a possible merger with xAI that would unite rockets, Starlink satellites, the X social platform, and the Grok AI project under one entity. The proposed structure would exchange xAI shares for SpaceX shares, with some xAI executives potentially eligible for cash instead of stock. Both entities were registered in Nevada in January with filings listing SpaceX and CFO Bret Johnsen or Johnsen alone as managing members or officer. No agreement has been signed. SpaceX is valued at $800 billion and xAI at $230 billion, and SpaceX may pursue an IPO later this year. Plans could enable solar-powered AI data centers in space.
Read at TESLARATI
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