Musk Signals SpaceX-xAI Merger Amid IPO Push

Elon Musk is reportedly pursuing a merger between SpaceX and his AI startup xAI, including an exchange of xAI shares for SpaceX stock to fold xAI into SpaceX. The discussions could yield an agreement this week and come as SpaceX plans a June 2026 IPO, potentially boosting the combined entity’s value toward about $1 trillion and tightening ties across Musk’s portfolio (including Tesla) for space-based AI computing using Starlink and Starship.