Record merger? There Are Plans to Merge Tesla and SpaceX

Source: dpa | Translated by AI 1 min Reading Time

The companies led by Elon Musk, Tesla and SpaceX, are examining the possibility of a merger. If that works out, it would be record-breaking and a gain in power for Musk ...

After Elon Musk has so far been rather reserved about a merger of Tesla and SpaceX that has been discussed for some time, it is now likely becoming more concrete—at least it seems so...(Source:  Tesla)
After Elon Musk has so far been rather reserved about a merger of Tesla and SpaceX that has been discussed for some time, it is now likely becoming more concrete—at least it seems so...
(Source: Tesla)

The automaker and Elon Musk’s space company are said to have formed special committees at shareholders’ request to review a merger, Musk said in a video conference on SpaceX’s quarterly results. However, he is not part of them due to potential conflicts of interest. Musk is a major shareholder in both companies, and these stakes are the basis of his wealth (estimated at around 820 billion euros, approx. 919 billion USD), which makes him currently the richest person in the world. Speculation about a merger between Tesla and SpaceX has also been going on for a long time. Until now, however, Musk has only commented evasively on it. Now he hinted that he personally thinks such a combination is a good idea. But it is an exaggeration to say that it will definitely happen, Musk qualified in turn. Among other things, he pointed out that such a step would require the approval of at least 50 percent of all Tesla shareholders.

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