Tesla received US regulatory clearance to convert its earlier xAI investment into a small stake in SpaceX, according to Federal Trade Commission filings dated March 11. The documents list Tesla as the acquiring party, Elon Musk as the seller, and Space Exploration Technologies Corp. as the acquired entity.
The filing confirms that the waiting period under US antitrust rules ended early, though it leaves out the exact size of Tesla’s new holding. The move adds a new financial link between two of Musk’s largest businesses.
It also follows SpaceX’s merger with xAI, a deal that Musk said valued SpaceX at $1 trillion and xAI at $250 billion. This combination created a merged company with a stated valuation of $1.25 trillion and reshaped the ownership structure around Musk’s AI and space businesses.
Tesla’s SpaceX stake appears tied to its earlier investment in xAI, which Tesla had disclosed at $2 billion. After the SpaceX-xAI merger, that investment now sits within the combined corporate structure rather than as a separate exposure to xAI alone.
The FTC filing leaves out the dollar value of Tesla’s SpaceX purchase, but the transaction required a filing because it crossed the threshold for premerger notification review.
The filing gives only limited details, so several points remain undisclosed. It leaves out the number of shares Tesla acquired, the valuation attached to those shares, and whether Tesla bought directly from Musk under a broader internal restructuring plan. Even so, the filing confirms that Tesla now has a formal path into SpaceX ownership after federal clearance.
Tesla was not the only buyer named in the March 11 filings. Separate FTC notices show Valor Equity Partners VI L.P. and DFJ Growth V, L.P. also received early termination clearance for transactions involving Musk as the seller and SpaceX as the acquired entity. Additional notices list VG 1.0 L.P. and VGX 1.0 L.P. in similar transactions.
Those records suggest a broader reallocation of SpaceX equity among existing and incoming investors. The public notices leave out the size of each purchase, but they show that several transactions involving Musk and SpaceX moved through the same regulatory process on the same date. This pattern indicates coordinated ownership changes rather than a single isolated deal.
The transaction comes as Musk’s companies grow more connected through ownership and operating ties. SpaceX’s acquisition of xAI aimed to combine artificial intelligence, satellite infrastructure, and launch capabilities in one structure. The merger also increased focus on how Musk may align Tesla, SpaceX, and xAI more closely as each business expands into related technology markets.
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