Space Exploration Technologies Corp. Class A Common StockMusk again floats a possible SpaceX-Tesla merger, but no concrete action or process is announced.
Elon Musk once again floated the possibility of a merger between Tesla and SpaceX, telling the All-In Summit that the two companies collaborate so closely that "who can imagine what action one might take." Yahoo Finance reached out to SpaceX about the comments but did not immediately hear back. It is not the first time Musk has raised the idea; reports suggested he had openly discussed a merger before SpaceX's June IPO, and the topic resurfaced on SpaceX's Q2 earnings call, where Musk said combining companies cannot be discussed on an earnings call and would require the appropriate process. The two companies are already deeply intertwined: Tesla holds an equity stake in SpaceX and earlier this year entered a framework agreement governing future collaboration, SpaceX buys Tesla batteries, energy products and Cybertrucks, and Musk called Terafab, the chipmaking venture, the biggest area of overlap, warning Tesla will be constrained in scaling Optimus production without it. The upcoming Tesla Roadster reveal, slated for October 1st, may feature SpaceX thruster technology.
Space Exploration Technologies Corp. Class A Common StockMusk again floats a possible SpaceX-Tesla merger, but no concrete action or process is announced.
Tesla IncMusk hints at a possible Tesla-SpaceX merger and cites Terafab/Optimus constraints, but nothing definitive is decided.