Tesla Approved To Convert xAI Stakes Into SpaceX

Group 1 - Tesla shares are currently consolidating, with an outlook on TSLA shares amid SpaceX gearing up for its IPO, which Musk hinted could reach a valuation of $1.75 trillion due to plans for Mars colonization and orbital expansion [1] - SpaceX is reportedly preparing to file confidentially for an IPO as early as next month, aiming for a June listing that could raise up to $50 billion, potentially surpassing Saudi Aramco's $29 billion debut to become the largest IPO in history [1] - Citigroup has joined other major banks, including Bank of America, Goldman Sachs Group, JPMorgan Chase, Morgan Stanley, Royal Bank of Canada, and Mizuho, in preparing for the SpaceX IPO process [2] Group 2 - Tesla announced a $2 billion investment into xAI, participating in its Series E funding round, which recently raised a total of $20 billion and values the firm at $230 billion [2] - Musk announced that SpaceX had acquired his artificial intelligence startup xAI, with the transaction valuing SpaceX at about $1 trillion and xAI at roughly $250 billion [3]