Elon Musk’s SpaceX mulling merger with Tesla or XAI
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SpaceX is considering major mergers with Tesla or its AI venture xAI. Elon Musk is exploring ways to combine his companies. These potential deals could involve significant financing. SpaceX is also preparing for a public listing,
People close to the matter say it could draw interest from Middle East sovereign investors and shares of xAI would be exchanged for shares of SpaceX.
By Echo Wang and Joey Roulette NEW YORK, Jan 29 (Reuters) - Elon Musk's SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this year. The combination would bring Musk’s rockets,
In Tesla's annual financial filing, the company said that last year it sold $430 million worth of its energy storage products to xAI, Elon Musk's AI startup.
Elon Musk has once again fueled merger speculation after reports said SpaceX is exploring a potential tie-up involving xAI and Tesla Inc. (NASDAQ: TSLA) as it prepares for what could be one of the largest IPOs in history.
Tesla earnings beat Wall Street's estimates. The stock rose in after hours trading. A call with analysts is scheduled for 5:30 p.m. ET.
B xAI deal done, Model S/X axed, energy soars to $3.84B record, capex doubles to $20B+ as first revenue drop hits.
Tesla has pledged a $2 billion investment in Elon Musk’s AI startup, xAI, emphasizing its push towards autonomy and robotics. Investors are keenly watching Tesla’s self-driving and robotaxi developments,