SpaceX and XAI, both companies led by Elon Musk, could merge ahead of the planned SpaceX IPO this year, according to a report From Reuters. It will bring together products like the Grok chatbot, the X platform, Starlink satellites and SpaceX rockets under one corporation.
Company representatives have not publicly discussed this possibility. However, recent filings show that on January 21, two new corporate entities were formed in Nevada, called K2 Merger Sub Inc. and K2 Merger Sub 2 LLC.
The combination of the two companies could allow xAI to set up its own data center space, something Musk would like to see he said he wants.
The move would also be in line with Musk’s recent strategies of consolidating his companies. Last year, SpaceX agreed to invest $2 billion in xAI wall street journalAnd earlier this week, Tesla (led by Musk) also revealed invested 2 billion dollars In AI Startup.
Last year, XAI bought x Musk reported a deal valuing xAI at $80 billion and X at $33 billion. SpaceX, which has been in existence since 2002, reportedly launched a secondary sale It was valued at $800 billion, making it America’s most valuable private company.
A recent report from the Financial Times indicated that Musk wants to take over SpaceX public in june. Again, Musk’s grand plans rarely happens on time.
