SpaceX-xAI merger talks advance - Musk's $3T aerospace-AI consolidation plan takes shape
SpaceX is in advanced merger discussions with xAI, according to Bloomberg sources, with Nevada entities formed January 21 to facilitate the deal. Elon Musk confirmed via X, marking his latest consolidation play after Tesla-SolarCity and xAI-X. Combined with potential Tesla involvement ahead of SpaceX's 2026 IPO, the stack could hit $3T valuation.