Elon Musk's SpaceX said to consider merger with Tesla, Bloomberg News reports
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Elon Musk's SpaceX is reportedly considering a merger with Tesla and discussions with AI company xAI, according to Bloomberg News. Following the news, Tesla's shares rose by 3%. The potential merger aims to consolidate Musk's ventures, including rockets, Starlink, and the X platform, ahead of a significant public offering. Investors are showing interest in the feasibility of this tie-up, which could attract substantial funding from infrastructure and Middle Eastern sovereign investors. SpaceX and Tesla have not commented on the matter.
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