Merging SpaceX and Tesla would be a "good idea," Musk says
"I do think there's a lot of merit to combining the companies.".
"I do think there's a lot of merit to combining the companies."
The short version
- “I do think there’s a lot of merit to combining the companies.” 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.
- “Do I think it would be a good idea?
- Yes,” Musk said of a potential merger.
What happened
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.
Why it matters
“But at the end of the day the shareholders have to be supportive of this.” Musk’s talk of a merger comes after a busy year in which SpaceX already acquired Musk’s artificial intelligence firm, xAI, in February.
Summary by Nerd News Network. Read the full article at Ars Technica via the links above and below.