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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

SpaceX, xAI set share exchange ratio at 0.1433, source says

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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