SpaceX Explores Potential Mergers With xAI and Tesla as Shares Rally
Reports of potential mergers involving SpaceX, xAI, and Tesla sent shares of the automaker higher. The discussions arrive ahead of a planned public offering.
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Shares of Tesla, Inc. rose nearly 5% on Friday following reports that SpaceX is in discussions to merge with artificial intelligence firm xAI and is considering a potential merger with Tesla, Inc.. Reuters reported that the discussions regarding xAI are occurring ahead of a planned public offering for SpaceX later this year, while Bloomberg News reported that the space exploration firm is also weighing a combination with the electric vehicle manufacturer. These reports come during a period of significant corporate consolidation across the business empire of Elon Musk elon muskin the US 
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