According to Reuters, two entities in Nevada, including a limited liability company that lists SpaceX chief financial officer Bret Johnsen, have been set up to facilitate the swapping of xAI and SpaceX shares. A source told the news agency that xAI executives could receive cash instead of SpaceX stock as part of the deal. SpaceX already agreed to invest $2 billion in xAI last year as part of the startup’s fundraising round. Both xAI and SpaceX have secured major defense contracts with the Pentagon. More on xAI: Elon’s xAI Is Losing Staggering Amounts of Money