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They are not closely collaborating. They share essentially nothing beyond Musk.
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Did you actually read the S-1 ?

Tesla is mentionned 87 times. And even they explicitly state that they have strategic collaboration. They supposedly biggest projects are developped together (Macrohard, Terafab - all fugazzi, but still).

Related party transactions are close to a $1 Billion in 2025.


xAI perhaps. But that wasn’t even a part of spacex last year and the company existed just fine.



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