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.