"The rocket maker is in discussions to merge with AI startup xAI ahead of a planned IPO later this year, Reuters reported, citing a person familiar with the matter and regulatory filings. Such a deal would combine SpaceX with xAI, which owns the X social media platform and develops the Grok chatbot, effectively bringing rockets, satellites, social media, and AI under a single corporate structure."
"That would make it one of the largest IPOs ever and a milestone for a company that has reshaped the global space industry through reusable rockets and its Starlink satellite network. The company was valued at roughly $800 billion in a recent private share sale, making it the world's most valuable privately held firm. By comparison, xAI was valued at $230 billion in November, while Tesla's market capitalization stands near $1.4 trillion."
SpaceX is exploring mergers with other Musk-controlled companies, including AI startup xAI and potentially Tesla, as it prepares for a possible IPO this year. A merger with xAI would fold X and the Grok chatbot into SpaceX, aligning rockets, satellites, social media, and AI under one corporate structure and supporting plans to integrate AI into space-based infrastructure such as orbital data centers. SpaceX's private valuation reached roughly $800 billion, while xAI and Tesla carry valuations near $230 billion and $1.4 trillion respectively. Major consolidation could complicate the IPO process while significantly expanding SpaceX's strategic ambitions and investor considerations.
Read at TechRepublic
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