Elon Musk's SpaceX is reportedly weighing its options for a potential merger with electric carmaker Tesla or a tie-up with artificial intelligence firm xAI as he seeks to consolidate his business empire.
The rocket company, valued at an estimated $1.5 trillion if it were to float on the stock market, is said to be exploring a possible partnership with Tesla, which could provide a boost to SpaceX's energy storage systems and solar energy initiatives.
Musk has discussed using SpaceX's Starship rockets to transport Tesla's Optimus robots to the moon and eventually to Mars, potentially paving the way for a lunar base. The company's most recent quarterly earnings report showed slumping vehicle sales and declining revenue, with Musk pinning his hopes on AI and robotics.
Tesla's factory in Fremont, California, is set to be converted to produce the Optimus robot, marking a significant shift in the carmaker's focus away from its core electric car business. Shares in Tesla rose 4.5% after-hours following the announcement, valuing the company at around $1.56 trillion.
The potential flotation of SpaceX could seek to raise as much as $50 billion, making it the largest initial public offering (IPO) in history. Musk owns a 42% stake in SpaceX and controls nearly 79% of its voting shares, while other backers include employees, private investors, and major companies like Fidelity Investments and Google Ventures.
The IPO would also come at a time when Musk's birthday is expected to coincide with a planetary alignment, which he has previously stated is an auspicious moment. The deal could potentially be finalized in early summer, marking a significant milestone for the entrepreneur as he continues to push the boundaries of space exploration and technology.
The rocket company, valued at an estimated $1.5 trillion if it were to float on the stock market, is said to be exploring a possible partnership with Tesla, which could provide a boost to SpaceX's energy storage systems and solar energy initiatives.
Musk has discussed using SpaceX's Starship rockets to transport Tesla's Optimus robots to the moon and eventually to Mars, potentially paving the way for a lunar base. The company's most recent quarterly earnings report showed slumping vehicle sales and declining revenue, with Musk pinning his hopes on AI and robotics.
Tesla's factory in Fremont, California, is set to be converted to produce the Optimus robot, marking a significant shift in the carmaker's focus away from its core electric car business. Shares in Tesla rose 4.5% after-hours following the announcement, valuing the company at around $1.56 trillion.
The potential flotation of SpaceX could seek to raise as much as $50 billion, making it the largest initial public offering (IPO) in history. Musk owns a 42% stake in SpaceX and controls nearly 79% of its voting shares, while other backers include employees, private investors, and major companies like Fidelity Investments and Google Ventures.
The IPO would also come at a time when Musk's birthday is expected to coincide with a planetary alignment, which he has previously stated is an auspicious moment. The deal could potentially be finalized in early summer, marking a significant milestone for the entrepreneur as he continues to push the boundaries of space exploration and technology.
I think it's kinda crazy that Elon Musk wants to merge SpaceX with Tesla or partner with xAI. He's already got his hands full with Starship rockets and now he's trying to get into energy storage and solar power too? It's like, can't he just focus on one thing for once? 
But seriously, if it works out, it could be huge for SpaceX (and Tesla). I mean, who wouldn't want to transport robots to Mars? And with the IPO, $50 billion is crazy talk! If Musk does make this happen, he'll be basically untouchable. The thought of him controlling 79% of the votes at his company is already giving me chills 
. Also, can we talk about how Tesla's factory in Cali is getting a major facelift to produce Optimus robots? Like, what even is an Optimus robot? 
It sounds like something out of a sci-fi movie. Anyway, Musk's Starship rockets are gonna be all over the place with these robots, maybe we'll finally get some lunar bases going 
SpaceX is already pushing the boundaries of space exploration - why do they need to merge with Tesla just to boost sales? Musk's got a lot on his plate and not all of these deals are gonna pan out.
It'd have to be, like, super futuristic and sleek, with those bold lines and clean design 
. And the tech behind it all is just mind-blowing 
! I mean, using Starship rockets to transport Tesla's robots to Mars? 
That's some next-level stuff right there! 
i mean think about it, the energy storage systems and solar energy initiatives they're both working on could totally revolutionize the way we live and travel. and let's not forget the optimus robots, who knows what kind of tech is going into those things? 