[Musk Reportedly Uses Two-Step Merger Process to Complete SpaceX's Acquisition of xAI] According to a report by Jinse Finance, sources familiar with the matter revealed that Musk employed a common two-step merger process in SpaceX's acquisition of xAI. This approach achieves multiple objectives: avoiding the repayment of billions of dollars in debt, providing tax benefits for shareholders, and shielding SpaceX from any legal liabilities of xAI. The deal, announced this Monday, has created a company valued at $1.25 trillion, which plans to go public later this year to fund Musk's vision of a space-based data center. Sources, who requested anonymity due to the undisclosed details of the transaction, stated that Musk has not fully merged or integrated the operations of the two companies. Instead, he decided to retain xAI as an independent entity, making it a wholly-owned subsidiary of SpaceX. Currently, xAI operates the social media platform X and has developed the Grok chatbot.