03:33 PM EDT, 03/12/2026 (MT Newswires) -- Tesla (TSLA) obtained US regulatory clearance to convert its prior funding in xAI into a stake in SpaceX in preparation for the aerospace company's upcoming stock market debut, according to filings with the US Federal Trade Commission on Wednesday.

The carmaker has acquired the stake directly from Chief Executive Elon Musk, alongside separate purchases by Valor Equity Partners and DFJ Growth, according to the filings.

The shift involves the auto manufacturer's earlier $2 billion investment in xAI, which now represents a sub-1% stake in SpaceX following their recent corporate integration, Bloomberg reported.

Tesla, SpaceX, xAI, Valor Equity Partners, DFJ Growth, and the US Federal Trade Commission did not immediately respond to MT Newswires' requests for comment.

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