Bloomberg Reports SpaceX Is Weighing Potential Merger With Tesla And xAI
Bloomberg reports that SpaceX is exploring a merger with Tesla and xAI. The move follows market gains and earlier reports of a possible public offering this year.
Insights:
Bloomberg reported on Thursday that SpaceX is considering a potential merger with Tesla, Inc. and an alternative combination with the artificial-intelligence company xAI. The development comes as investors weigh the possibility of a massive consolidation of assets linked to elon musk. Shares of Tesla, Inc.reacted immediately to the news, rising approximately 3% after the bell in after-hours trading following the publication of the report.
This latest reporting follows an earlier exclusive from Reuters on the same day, which noted that SpaceX and xAI are in discussions to merge. Those talks are reportedly happening ahead of a planned public offering scheduled for later this year. Such a move would aim to bring several major ventures controlled by elon musk under a single corporate roof, including rockets, Starlink satellites, the X social media platform, and the Grok AI chatbot.
