SpaceX prepares for stock market listing after major AI merger

Elon Musk's SpaceX is moving toward a public stock offering. The company has reportedly hired international banks to prepare for an initial public offering (IPO). This follows a major deal where SpaceX merged with Musk's artificial intelligence company, xAI, which pushed SpaceX's valuation to over one trillion euros.

In related news, Chinese solar company stocks rose sharply. This happened after reports that delegations from Musk's companies had visited them. Meanwhile, Tesla, another Musk company, reported increased sales of its China-made electric vehicles, even as the broader EV industry slows down.

The main story here is the financial consolidation and expansion of Musk's business empire, centered on SpaceX's planned move to become a publicly traded company after its significant AI merger.