Elon Musk’s SpaceX and xAI might merge into one company

SpaceX and xAI, which are both led by Elon Musk, are “in discussions to merge” ahead of SpaceX’s IPO that’s planned for later this year, Reuters reports. The merger would help with SpaceX’s plans to launch data centers into space, according to the publication.

The specific timing and value of the potential merger are unclear. SpaceX is considering an IPO date in mid-June, the Financial Times reported this week. xAI and SpaceX didn’t immediately reply to a request for comment from The Verge.