On March 13, reports surfaced indicating that Tesla (TSLA.O) had secured clearance from the U.S. Federal Trade Commission to transform its investment in xAI into SpaceX shares. Based on regulatory disclosures, Tesla has procured a segment of SpaceX shares from Musk. Concurrently, Musk is divesting a portion of his SpaceX holdings to investors, including Valor Equity Partners and DFJ Growth. This equity swap is intricately linked to Tesla's prior announcement of an investment of around $2 billion in xAI, which aligns with Tesla's acquisition of a less than 1% stake in SpaceX.
