"In a groundbreaking new report from Reuters, SpaceX is reportedly discussing merger possibilities with xAI ahead of the space exploration company's plans to IPO later this year, in what would be a blockbuster move. 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 "a person briefed on the matter and two recent company filings seen by Musk, nor SpaceX or xAI, have commented on the report, so, as of now, it is unconfirmed."
""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.""
"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 is discussing a potential merger with xAI that would consolidate rockets, Starlink satellites, the X social media platform, and the Grok AI project under one corporate structure. The proposed deal would exchange xAI shares for SpaceX stock and both companies were registered in Nevada to expedite the transaction. Filings show one Nevada LLC lists SpaceX and CFO Bret Johnsen as managing members and another lists Johnsen as the sole officer. Some xAI executives could be offered cash instead of SpaceX stock. No agreement has been reached or signed, and key timing and structural details remain unfinalized. SpaceX is valued at $800 billion; xAI at $230 billion.
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