Exclusive-SpaceX, xAI set share exchange ratio at 0.1433, source says
FILE PHOTO: SpaceX's logo and an Elon Musk photo are seen in this illustration created on December 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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.
Source: Reuters
