Elon Musk’s next move may be a megamerger of SpaceX and Tesla
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As Tesla's largest shareholder, SpaceX CEO Elon Musk would basically be making a deal with himself.
PHOTO: AFP
Jack Ewing and Ryan Mac
NEW YORK – SpaceX held the biggest initial public offering of all time, but Wall Street may be expecting something even bigger from Elon Musk.
Many of his fans and investors expect the rocket company’s chief executive to merge SpaceX with Tesla, the maker of electric cars where he is also CEO, joining most of his businesses into a single roughly US$4 trillion (S$5 trillion) tech conglomerate – a sort of Elon, Inc.