Sources say Musk used a two-step merger process to complete SpaceX's acquisition of xAI. Under the merger structure, SpaceX will not assume xAI's debts. xAI will operate as a subsidiary of SpaceX, allowing SpaceX to avoid legal liability.

2026-02-06

Sources say Musk used a two-step merger process to complete SpaceX's acquisition of xAI. Under the merger structure, SpaceX will not assume xAI's debts. xAI will operate as a subsidiary of SpaceX, allowing SpaceX to avoid legal liability.