May all eyes be on spacex ipo – the world’s largest in history – and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX.
We are talking about Tesla, a company whose current market cap is around $1.26 trillion. Musk, who also leads the company, has pitched Tesla as an AI and robotics company, even though most of its revenue comes from selling EVs. Some see the merger with SpaceX as an important step towards achieving that mission.
And SpaceX President and COO Gwynne Shotwell is seeing some benefits. During an interview with CNBC, Shotwell said that the merger “might make life a little easier for Elon.”
There is evidence that SpaceX is already preparing for a merger. company Amended your S-1 registration document To include new language in your risk factors section about mergers and acquisitions before your public debut. This sentence, which reads, “We may issue large amounts of equity in connection with future transactions,” is a warning to investors about future dilution. Such a warning would not be necessary for small-scale transactions; This probably means Tesla.
As a reminder, Musk is quite comfortable bringing together different parts of his portfolio. spacex acquired Musk’s AI company xAI earlier this year. And xAI acquired Musk’s social media company Complete Stock Transactions.
