Two of Elon Musk’s best-known companies look likely to be headed for a megamerger ahead of a mooted IPO. SpaceX, the South African entrepreneur’s space exploration firm, and xAI, the AI company he established in 2023 to challenge OpenAI, are reportedly in discussions ahead of a merger and initial public offerings.

Two business entities were established in Nevada on January 21, Reuters reported, that are potentially designed to facilitate the deal. Combined, the two businesses are worth more than $1 trillion. Tesla, Bloomberg reported, could be involved as well.

The IPO could happen in mid-June. Why mid-June? Because that’s a point when Jupiter and Venus will be in conjunction with one another, passing close by in their respective orbits, the Financial Times........

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