SpaceX and xAI led by Elon Musk (일론 머스크) are pursuing a merger, TechCrunch reported on Jan. 29, citing Reuters.
The merger is under way ahead of a SpaceX initial public offering and is seen as part of Musk's corporate integration strategy.
The report said new entities, K2 Merger Sub Inc and K2 Merger Sub 2 LLC, were recently established in Nevada, adding weight to the possibility of a merger.
Musk had SpaceX invest $2 billion in xAI last year. He recently said Tesla also invested $2 billion in xAI. Earlier, during xAI's acquisition of X (Twitter), xAI was valued at $80 billion and X at $33 billion.
SpaceX is currently valued at $800 billion. Musk is pushing to list SpaceX in June this year, but it is unclear whether the plan will proceed as scheduled.
Chi-gyu Hwang
delight@d-today.co.kr