Tesla Inc. received government clearance to convert its investment in Elon Musks xAI into a small stake in SpaceX, formalizing the financial ties between the billionaires two biggest businesses ahead… [+332 chars]
Source: Bloomberg
Politics
Tesla Converts xAI Investment Into SpaceX Stake Ahead of IPO
Tesla Inc. received government clearance to convert its investment in Elon Musk’s xAI into a small stake in SpaceX, formalizing the financial ties between the billionaire’s two biggest businesses ahead of the rocket maker’s planned initial public offering.
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