Separately, SpaceX and xAI are exploring a tie-up ahead of the IPO, with Reuters reporting that xAI shares would be exchanged for SpaceX stock. Now SpaceX might absorb xAI, Tesla, or both. And here’s the critical issue: Musk owns a significantly higher percentage of xAI and SpaceX than he does of Tesla. Electrek’s TakeThis is just more Elon self-dealing to save his private investors in xAI, which itself saved his private investors in X. SpaceX absorbing xAI would be much easier for Musk than bringing Tesla into the mix.