SpaceX and Elon Musk’s xAI may be merged into one company

SpaceX and xAI, led by Elon Musk, are in “merger discussions” ahead of SpaceX’s initial public offering (IPO) scheduled for later this year. Reuters Reports. The merger would help SpaceX’s plans to launch data centers in space, according to the post.

The exact timing and value of the potential merger are unclear. SpaceX is considering a mid-June IPO date Financial Times I reported this week. xAI and SpaceX did not immediately respond to a request for comment Edge.