Elon Musk said Tuesday that he would like to see the consolidation of his business empire by formally merging his two largest companies, SpaceX and Tesla. Yes,” Musk said of a potential merger. He was speaking during a question-and-answer period as part of SpaceX’s third-quarter earnings call.
Musk said, ultimately, it not his decision. In June, SpaceX went public with the largest initial public offering on record. At the request of shareholders of each company, Musk said both SpaceX and Tesla have formed special committees of “independent directors” to discuss the idea of a merger.
Those committees have not reached an agreement on the terms of a merger transaction, Musk said. So I think it would be a good idea.” It might seem like madness to merge a space business with an automotive business, but both SpaceX and Tesla are rapidly transitioning from their original markets into artificial intelligence.
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