"The proposed merger would bring shares of xAI in exchange for shares of SpaceX. Both companies were registered in Nevada to expedite the transaction, according to the report. Tesla announces massive investment into xAI On January 21, both entities were registered in Nevada. The report continues: "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 is exploring a merger with xAI that would unify rockets, Starlink satellites, the X social media platform, and the AI project Grok under one corporate structure. The transaction envisions exchanging xAI shares for SpaceX shares and used Nevada registration filings to expedite the deal. Some xAI executives may be offered cash instead of SpaceX stock. No agreement has been signed, and timing, structure, and other material details remain unresolved. SpaceX carries an $800 billion valuation while xAI was valued at $230 billion in November. Plans align with a potential SpaceX IPO and ambitions for space-based solar-powered AI data centers.
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