Before record IPO: SpaceX could reportedly merge with xAI or Tesla
SpaceX could go public later this year and break records in the process. However, a merger with another Musk company could still be pending before that.
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Before the US space company SpaceX, founded by Elon Musk, goes public this year, it could merge with the AI company xAI and thereby also take over the short message service X (formerly Twitter). This is reported by the news agency Reuters, citing an informed person and two applications to regulatory authorities. At the same time, Bloomberg reports on considerations to merge SpaceX with Tesla, Elon Musk's electric car group, which has not been running as smoothly recently. What the two considerations have in common is that Musk's company portfolio would be reduced, but the individual parts, at least at first glance, do not have much to do with each other.
Tesla robots for the moon?
It has been known for weeks that SpaceX is planning its IPO and aiming for a record valuation. In December, it was said that 30 billion US dollars should be raised and a total valuation of 1.5 trillion US dollars should be achieved. A prior merger with one of Elon Musk's companies could satisfy investors who fear that the billionaire cannot possibly take care of all his businesses, writes Reuters. Furthermore, it could help both companies maintain the upper hand in the race to establish data centers in space, writes Reuters. There are still many uncertainties in this area.
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A merger with Tesla could also serve this goal, adds Bloomberg. The financial news agency points out that Musk has already claimed that he wants to send Tesla's Optimus robots to the moon one day with SpaceX's rockets. Both news agencies refer to legal entities established last week in Nevada, whose executives include SpaceX's CFO, Bret Johnsen. Neither SpaceX nor xAI or Tesla have commented on the reports, it is stated in each case. However, it is also stated that no plan is final. Whether one of the described mergers will occur is therefore still unclear.
(mho)
