BUSINESSBUSINESS INSIDER
SpaceX's president hints at a Tesla merger: 'That might make Elon's life a little easier'
SpaceX president Gwynne Shotwell did not rule out a potential merger between Tesla and SpaceX, noting possible synergies and that it 'might make Elon's life a little easier.' Analysts and investors have increasingly speculated about a merger, with Wedbush Securities' Dan Ives predicting a 2024 consolidation. The discussion follows SpaceX's $75 billion IPO, valuing it at $1.75 trillion compared to Tesla's $1.25 trillion market cap.
Mentioned
Related Signal
Adjacent reporting
- Elon Musk reportedly floats SpaceX, Tesla merger
- Twenty One Capital rises on proposed merger with Strike and Elektron
- United Airlines CEO reportedly pitched merger with American, sparking competition fears
- United Airlines CEO says he approached American Airlines about merger
- Will Elon Musk eventually merge SpaceX with Tesla? Speculation is building
- Here's How Much Bitcoin Elon Musk Would Control If SpaceX and Tesla Merge