Topline
Elon Musk’s aerospace firm SpaceX and his artificial intelligence company xAI are talking about a possible merger, according to Reuters, a move that would wrap some of the billionaire’s tech and space companies into one organization.
Elon Musk’s estimated net worth hit $766 billion Thursday.
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Key Facts
The potential merger would involve xAI shares being exchanged for shares in SpaceX, Reuters reported, citing an unnamed person briefed on the matter and noting it could “not determine the value of the deal, its primary rationale, or its potential timing.
This is a developing story. Check back for updates.