Sure, let’s smoosh SpaceX and Tesla together, who cares
Sure, let’s smoosh SpaceX and Tesla together, who cares
SpaceX and Tesla have formed special committees to discuss a merger, with Musk saying on SpaceX's earnings call that "there's a lot of merit to combining" the companies to cooperate on superintelligence software. The piece weighs the Mars narrative against financial motives, noting Musk's over-50% voting control at SpaceX versus roughly 20% at Tesla, and that a stock-for-stock deal at $2 trillion or more would trigger payouts and accelerated vesting under his Tesla compensation package. It also covers SpaceX's Q3 SI solutions revenue of $7 billion, Tesla's second consecutive quarter of declining profits, and the Terafab and Macrohard projects, which the S-1 says are in very early stages with financial terms and IP rights not finalized.
Source: The Verge · AI · theverge.com