It is reported that XAI and SpaceX have set the share swap ratio at 0.1433.
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Glonghui, February 3rd|According to media reports citing sources, XAI and SpaceX have set the share swap ratio at 0.1433. SpaceX Chief Financial Officer Johnson assured during a conference call with about 100 SpaceX investors that this transaction would not delay the IPO. It is reported that some XAI executives may choose to receive cash at a price of $75.46 per share instead of SpaceX stock. XAI has informed investors that the company "burned" about $9.5 billion in cash during the first nine months of last year.
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