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, citing people familiar with the matter.
Tesla’s shares were up 3% after the bell following the report.
SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this year, Reuters exclusively reported earlier on Thursday, to bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof.
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 sizeable interest from infrastructure funds and Middle Eastern sovereign investors, some of the people told Bloomberg.
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