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Musk Sees SpaceX-Tesla Merger as 'Good Idea'
21 Oct
Summary
- Elon Musk stated a SpaceX-Tesla merger would be a good idea.
- Special committees formed to discuss potential union of companies.
- A combined entity could be worth approximately $3.5 trillion.
Elon Musk expressed his view on Tuesday that merging SpaceX and Tesla would be a beneficial move. He indicated that special committees have been formed within both companies to deliberate on a potential union.
This proposed combination has the potential to create an entity valued at approximately $3.5 trillion, positioning it among the world's most valuable corporations. Following Musk's comments, Tesla's shares experienced an 8% increase in extended trading hours.
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