Tesla Gains Approval for Investment in SpaceX via xAI Stake

Tesla has secured government approval to transform its investment in Elon Musk's xAI into a minor stake in SpaceX. Bloomberg posted on X, highlighting the strategic move that aligns with Tesla's broader investment goals. This development marks a significant step for Tesla as it expands its interests in the aerospace sector, leveraging its connection with Musk's ventures. The approval underscores the growing synergy between Musk's companies, potentially enhancing collaborative opportunities in technology and innovation.