Gibson Dunn and Sullivan & Cromwell lead $1.25trn SpaceX merger to takeoff

Gibson Dunn and Sullivan & Cromwell lead $1.25trn SpaceX merger to takeoff

Gibson Dunn and Sullivan & Cromwell have advised on the combination of SpaceX and xAI, two companies privately owned by Elon Musk.

The deal creates a company with a joint enterprise value of $1.25trn, and comes amid reports that Musk may take SpaceX public later this year, in what could become the largest IPO in history, estimated to raise up to $50bn.

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