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Report: SpaceX is in deep negotiations with xAI for a merger, with an announcement of the agreement possible as early as this week
Wallstreetcn·- SpaceX is in advanced talks to merge with AI company xAI, signaling a major integration of Musk's business empire. - If successful, this merger will unify Musk's rocket operations, Starlink, social media platform X, and Grok AI under one structure, with potential shifts in equity for xAI executives. - SpaceX, valued at $800 billion, is also planning an IPO possibly in June, with expectations of raising up to $50 billion, marking it as the largest IPO in history.