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BTCC / BTCC Square / Global Cryptocurrency /
Tesla Converts $2B xAI Stake Into SpaceX Equity Ahead of IPO

Tesla Converts $2B xAI Stake Into SpaceX Equity Ahead of IPO

Author:
Global Cryptocurrency
Published:
2026-03-13 15:31:02
20
1
BTCCSquare news:

Tesla has secured FTC approval to convert its $2 billion investment in Elon Musk's xAI into a minority stake in SpaceX. The transaction, formalized in March 11 filings, gives Tesla less than 1% ownership in the aerospace firm as it prepares for a public listing.

The maneuver follows xAI's recent merger with SpaceX and involves Musk directly transferring shares to Tesla. While the exact valuation remains undisclosed, the deal required FTC review under rules mandating disclosure for transactions exceeding $133.9 million.

This strategic pivot deepens financial ties between Musk's corporate empire, with Tesla gaining exposure to SpaceX's space-based AI infrastructure. Market observers note the transaction effectively recycles Tesla's xAI commitment into SpaceX equity ahead of the latter's anticipated IPO.

|Square

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