Tesla and SpaceX explore potential merger

krone.at (German) —

Elon Musk announced that Tesla and SpaceX are exploring a merger, forming special committees at shareholders' request, from which he is excluded due to potential conflicts of interest. Musk, the largest shareholder of both companies with an estimated $920 billion fortune, called the combination a good idea but said it is not certain to happen. The merger would require approval from at least 50 percent of Tesla shareholders. SpaceX is valued at over $1.9 trillion and Tesla at $1.48 trillion, making this a potentially record-breaking deal. Both valuations depend heavily on Musk delivering future promises, including Tesla's shift to robotaxis and humanoid robots, while SpaceX now earns mainly from Starlink and AI data centers.


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Tesla and SpaceX explore potential merger | News Minimalist