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The Federal Trade Commission (FTC) has granted Tesla (NASDAQ:TSLA) approval to convert its investment in xAI into a stake in SpaceX, according to a recent filing.
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The filings also indicated that Musk, who is the CEO of both companies, sold portions of the holdings to several investors, including Valor Equity Partners and DJF Growth. Details including the size of the deals were not disclosed. The size of the deal must be reported if its value is over $133.9 million.
These filings …
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