SpaceX and Tesla are exploring a potential merger that would unite Elon Musk’s two public companies in a multitrillion-dollar combination. Both companies have formed special committees to study the tie-up, which would create a sprawling conglomerate oriented around AI and potentially worth more than $3 trillion. SpaceX has a market value of $2 trillion, while Tesla is worth nearly $1.5 trillion.
On paper, combining the seventh and 11th most valuable companies in the world would leave the new entity behind only Microsoft, Alphabet, Apple and Nvidia. Musk said he believes it would be a good idea, but shareholders must be supportive. As CEO of both companies, he could not participate in the discussions.
The special committees have not reached agreement on terms, and there is no guarantee they will.
Source: Financial Times Companies · Summarized by HeadlinesBriefing