Let $X$ be a connected, based CW complex. Then the James splitting
of $\Sigma\Omega\Sigma X$ gives, in particular, a weak equivalence of spectra
$$
\Sigma^{\infty} \Omega\Sigma X_+  \quad \simeq \quad  \Sigma^{\infty} (S^0 \vee X \vee X^{[2]} \vee X^{[3]} \vee \cdots ) ,
$$
where $X^{[n]}$ denotes the $n$-fold smash product of $X$ with itself. Each side  of this equivalence have the structure of $A_\infty$-ring spectra (the structure on the right side given by the tensor algebra over the sphere spectrum on the points of $X$). 


Now, my understanding$^\dagger$ is that the Cartan formula for Hopf invariants
implies that the above splitting is multiplicative up to homotopy.

**Question:**  Can the above splitting be 
enriched to an equivalence of $A_\infty$-rings?

If so, can anyone provide me with a reference?

$^\dagger\tiny \text{From being once upon a time in Bill Richter's orbit.}$