SpaceX, xAI set share exchange ratio at 0.1433, source says
Investors in Elon Musk's xAI will receive 0.1433 shares of SpaceX for every share of xAI.
Echo Wang
FILE PHOTO: Illustration shows 3D-printed miniature model of Elon Musk and xAI logo
Dado Ruvic/Illustration/File Photo
FILE PHOTO: Illustration shows 3D-printed miniature model of Elon Musk and xAI logo
Feb 2- Investors in Elon Musk's xAI will receive 0.1433 shares of SpaceX for every share of xAI as part of the satellite company's purchase of the billionaire entrepreneur's artificial intelligence company, a source familiar with the matter said on Monday.
As part of the deal, some xAI executives may also opt for cash instead of SpaceX stock, receiving $75.46 per share for each xAI share, the source added.
SpaceX was not immediately available for comment.
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