Rocket company examining feasibility of both options before potential $1.5tn stock market flotation, report says
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SpaceX is reportedly considering a potential merger with the electric carmaker Tesla, or a tie-up with artificial intelligence firm xAI, as Elon Musk looks at options to consolidate his global empire.
The rocket company is examining the feasibility of a tie-up with Tesla or xAI before a huge potential stock market float, according to Reuters.
It emerged this week that the world’s richest person was considering a flotation that would value SpaceX at $1.5tn (£1.1tn) and would reportedly be timed for early summer to coincide with a planetary alignment and his birthday.
