SpaceX AI, Tesla to keep buying NVIDIA chips at scale
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Tesla (TSLA) receives FTC approval to exchange its $2B xAI investment for a SpaceX stake, resulting in less than 1% ownership as SpaceX prepares for IPO.
SpaceX will trade “like Tesla on steroids” when it floats in a rumoured mid-June 2026 IPO but the decision to only float 3.3 per cent of the company will likely pose a headache for index providers.
The robotaxi industry is projected to be worth hundreds of billions by 2030. These companies are poised to control the most market share.
Tesla received US regulatory clearance to convert its earlier xAI investment into a small stake in SpaceX, according to Federal Trade Commission filings dated M