M&A News

CNBCAri Levy, Lora Kolodny

Musk moves xAI under SpaceX control as Tesla converts stake ahead of a potential IPO

SpaceX has taken control of xAI and Elon Musk says he is rebuilding the AI unit after a wave of senior departures. A Bloomberg-cited FTC filing indicates Tesla will convert its xAI investment into a SpaceX stake, tightening links across Musk’s companies as SpaceX eyes a possible IPO.

2026-03-13T11:38:35.348196-07:00

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