Elon Musk is seeking to merge shares of SpaceX and xAI in a $60 billion deal, aiming to make both companies central players in AI software development, according to a report from Kore.
A new report from Kore indicates Elon Musk is orchestrating a $60 billion stock merger deal to align SpaceX and his AI startup xAI more closely, aiming to make both dominant in AI software development. While no official confirmation has been published by Musk or the companies, the report frames the move as an internal corporate restructuring rather than a conventional acquisition. The transaction would mark another major step in Musk's integration of his ventures, coming weeks after SpaceX's historic Nasdaq IPO at a $1.77 trillion valuation and its subsequent $60 billion acquisition of Israeli-founded AI coding startup Cursor. The merger would also build on earlier disclosures that the Pentagon used Musk's Grok AI tool to identify over 2,000 targets in Iran, as previously reported by The Zioneer. The deal is described as a 'stock merger' — the specific mechanics remain unclear, and the report is based on a single source (Kore) yet to be corroborated by other outlets or by official statements from the companies.
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Source and signal
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