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Elon Musk Says SpaceX and Tesla Are Exploring a Merger

Elon Musk explicitly names SpaceX and Tesla exploring a merger, a major corporate catalyst.

Context

What happened: Elon Musk said SpaceX and Tesla are exploring a merger. SpaceX held a public offering on the Nasdaq in June. Key numbers: The offering helped make Musk the first person worth more than a trillion dollars. Why it matters: The statement links two companies Musk leads, and the June listing is tied to his trillion dollar valuation milestone. Coverage: 15+ outlets in 24h

What changed

Elon Musk said SpaceX and Tesla are exploring a merger. SpaceX held a public offering on the Nasdaq in June.

Why it matters

The statement links two companies Musk leads, and the June listing is tied to his trillion dollar valuation milestone.

Sources

nyt