Elon Musk's SpaceX considering merger with Tesla, Bloomberg reports

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Starship S28 & B10 and Tesla Cyber Truck Commander waiting for launch, March 14, 2024. /VCG

Elon Musk's SpaceX is considering a potential merger with Tesla as well as ‌an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday, citing people familiar with the matter.

SpaceX and xAI are in discussions to merge ahead of a ‍blockbuster public offering planned for later this year to ⁠bring Musk's rockets, Starlink satellites, ‍the X social media platform and the Grok AI ‌chatbot ‌under one roof, Reuters reported.

The space firm has discussed the feasibility of a tie-up between SpaceX and EV-maker Tesla, an ⁠idea that ⁠some investors are pushing, the Bloomberg report said.

Any deal could attract sizable interest from infrastructure funds ‍and Middle Eastern sovereign investors, some of the people told Bloomberg.

Source(s): Reuters

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Elon Musk's SpaceX considering merger with Tesla, Bloomberg News reports