Elon Musk is making another big move! On March 13 local time, according to a Bloomberg report, filings with the US Federal Trade Commission
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Elon Musk is making another big move! On March 13 local time, according to a Bloomberg report, filings with the US Federal Trade Commission (FTC) show that Tesla has received approval from the US government to convert its investment in xAI into a small equity stake in SpaceX. Tesla has officially established its position in the reshuffle of Musk's business empire, just ahead of SpaceX potentially setting a record for the largest IPO fundraising. This comes after SpaceX announced it had acquired Musk’s artificial intelligence company xAI, marking another restructuring of Musk’s business landscape following his merger of xAI and X last year. It is reported that SpaceX could go public as early as June this year, which might become the largest IPO in history. Meanwhile, S&P Dow Jones Indices is considering revising the rules regarding companies joining the S&P 500, which could allow SpaceX to be added to the index sooner after its IPO. Recently, SpaceX has applied to deploy one million satellites to provide computational power for AI, with Musk stating that space is the ultimate solution for AI computational capacity. Integrating 'satellites, rockets, AI, and social media,' do you think Musk’s business empire has potential? What opportunities in various sectors should investors watch?