SpaceX is gearing up for a massive IPO this year, and multiple reports suggested the rocket giant is considering mergers with Tesla or xAI.

IPOs. Elon Musk’s SpaceX is planning an IPO that could value the company at more than $1.5 trillion and potentially raise more than $100 billion in capital. And the Journal also now reports Amazon is in talks with OpenAI to invest $50 billion,

The Boring Co’s Steve Davis says it’s time to be more transparent, as the company seeks to expand and put some embarrassing episodes behind it.

The two companies owned by the tech multibillionaire are reportedly merging ahead of an IPO. But what does it all mean? Two of Elon Musk’s best-known companies look likely to be headed for a megamerger ahead of a mooted IPO.

New legal companies were created January 21 in Nevada to handle the merger, according to corporate filings viewed by Reuters. SpaceX CFO Bret Johnsen is listed as the only officer to one of the companies, and the managing member of the second, along with SpaceX.

There may also be a more personal motive behind a SpaceX–xAI merger. Musk has had a contentious relationship with OpenAI and its CEO, Sam Altman, for years. Musk co-founded OpenAI but later left the company in 2018, reportedly due to disagreements over the direction of what was then a nonprofit organization.

Zeehsan Patel, a member of technical staff at Elon Musk’s xAI, has resigned less than a year after joining the company. Patel announced his departure .

On Tesla's fourth-quarter earnings call, CEO Elon Musk said the company is ending production of its Model S and X vehicles.