Musk promotes SpaceX and xAI stock exchange merger, preparing for IPO

On January 30th, according to Reuters, Musk is pushing for a stock swap to merge SpaceX with xAI in preparation for SpaceX's planned IPO. The transaction has not yet been finally signed, but Musk has established a merger entity in Nevada, indicating that the integration has entered the substantive stage. If the merger is completed, SpaceX's rockets and space infrastructure will be deeply integrated with xAI's Grok model and X platform data, with an overall valuation of up to $1.5 trillion.