NEW YORK, Jan 30: SpaceX is exploring deals with other companies helmed by serial entrepreneur Elon Musk, leaving investors working through permutations between space, autonomous driving and artificial intelligence to analyze which combination makes the most sense.
The rocket maker is in discussions to merge with xAI ahead of a blockbuster public offering planned for this year, Reuters reported on Thursday. The combination would bring Musk’s rockets, Starlink satellites, X social media platform and Grok chatbot under one roof, according to a person briefed on the matter and two regulatory filings.
Musk, the world’s richest man, is CEO of SpaceX and artificial intelligence company xAI, which controls X. He also runs Tesla, tunnel company The Boring Co and neurotechnology firm Neuralink.
Musk, SpaceX, xAI and Tesla did not respond to requests for comment.
SpaceX plans to go public some time this year with a valuation likely above $1 trillion, Reuters and other media reported. It is the world’s most-valuable privately held company – at $800 billion in a recent private share sale. xAI was valued at $230 billion in November, the Wall Street Journal reported. Tesla’s market capitalization is $1.4 trillion.
