Musk’s next mega-merger? SpaceX talks with xAI ahead of IPO plans
SpaceX and xAI are in merger talks ahead of a planned IPO, with xAI shares potentially exchanged for SpaceX shares, according to a source. Nevada filings show two entities tied to SpaceX CFO Bret Johnsen were set up January 21. Some xAI executives may receive cash instead of stock. SpaceX, recently valued near $800 billion, has secured banks for an IPO possibly this year.