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Musk confirms SpaceX and Tesla exploring merger

Musk confirms SpaceX and Tesla exploring merger

Also reported by Axios

Summary

Elon Musk said that SpaceX and Tesla are thinking about joining together to create one large company worth about $3.5 trillion. Both companies have set up special groups to look into this plan.

Key Facts

  • Elon Musk is the CEO of both SpaceX and Tesla.
  • The companies are exploring a merger, which means combining into one company.
  • The merged company could be worth $3.5 trillion.
  • Special committees have been created to study the merger idea.
  • No final decision has been made yet.
  • SpaceX is a company focused on space travel and rockets.
  • Tesla makes electric cars and clean energy products.
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