"XAI told workers the company won't be changing its name anytime soon, even after it announced SpaceX had acquired the company on Monday. In a Q&A sent to employees on Monday, the company said xAI's mission remains "unchanged" and that its price-to-share valuation will remain the same. Workers will soon learn more about how the acquisition will impact their equity, according to the Q&A."
"Despite the acquisition, xAI staff will not be allowed to access internal SpaceX sites or collaborate directly with workers at the rocket ship company without direct approval, the memo said. The companies will be kept separate due to regulations that control the sharing of defense and space-related technology that could impact national security. SpaceX workers may be allowed access to xAI internal tools, it said."
SpaceX acquired xAI but both companies will keep separate branding and xAI will not change its name immediately. xAI's mission remains unchanged and its price-to-share valuation will remain the same; employees will receive details about equity impacts. The joint venture continues preparing for a possible IPO in 2026, though timing and valuation remain highly uncertain. The companies will hold an all-hands and provide merger-related training. xAI staff cannot access internal SpaceX sites or collaborate with SpaceX employees without direct approval due to regulations protecting defense and space-related technology; SpaceX employees may gain access to xAI tools.
Read at Business Insider
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