Musk says merging SpaceX and Tesla "would be a good idea" as analysts flag risks for shareholders
Elon Musk said merging SpaceX and Tesla "would be a good idea", after months of speculation, and said both companies had formed special committees to discuss it. A Wall Street Journal analysis says the deal could benefit Musk by bringing his businesses together, but warns of a possible "conglomerate discount" that would hurt Tesla shareholders most. The companies already have ties: Tesla sells cars, batteries and energy infrastructure to SpaceX, they collaborate on Terafab, and Tesla has invested $2 billion in SpaceX.
In 40 seconds
- Musk said on Tuesday that merging SpaceX and Tesla "would be a good idea" and that both had formed special committees to discuss it.
- The article warns a merged company could be worth less than its current combined value of about $3.66 trillion.
- Deutsche Bank sets a $235 per share price target for SpaceX, 47.5% above Wednesday's trading price.
IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.
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