Comment by bliteben
19 hours ago
Seems super strange to have 2 seemingly successful companies with huge market caps and you want to merge them?
19 hours ago
Seems super strange to have 2 seemingly successful companies with huge market caps and you want to merge them?
There are two big advantages for Musk…
1. Power. He can amass more power by concentrating it in SpaceX. There was a lot of financing needed getting Tesla to mass produce vehicles… where Musk likely conceded more power (and money) than he wanted.
2. SpaceX (sans xAI and Xitter) is the one business he’s got really generating a profit and likely will be able to continue that trend. It lets him paper over financial issues that would show up in the balance sheets of individual companies.