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Elon Musk Thinks $3.5 Trillion Tesla-SpaceX Mashup Is a Good Idea

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Elon Musk Thinks $3.5 Trillion Tesla-SpaceX Mashup Is a Good Idea Elon Musk said it’s a “good idea” to combine his rocket and car companies. This article is for subscribers only. Elon Musk said it’s a “good idea” to combine SpaceX with Tesla, in what would be the biggest-ever corporate merger.

Elon Musk Thinks $3.5 Trillion Tesla-SpaceX Mashup Is a Good Idea Elon Musk said it’s a “good idea” to combine his rocket and car companies. This article is for subscribers only. Elon Musk said it’s a “good idea” to combine SpaceX with Tesla, in what would be the biggest-ever corporate merger. What’s more, the boards of both companies have formed special committees to consider the idea. Tesla has a market value of about $1.5 trillion, while SpaceX is valued at $2 trillion. A merger would create a conglomerate spanning electric vehicles, batteries, rockets and satellites. The stated rationale for bringing those very different businesses together lies in a shared ambition to leverage AI for data centers in space, driverless cars and humanoid robots.
Elon Musk (PERSON) Tesla-SpaceX Mashup (ORG) SpaceX (ORG) Tesla (ORG) AI (ORG)
Originally published by Bloomberg Markets Read original →