Tesla Inc (NASDAQ:TSLA) and SpaceX have already merged in everything but name, according to a new analysis from Sherwood News, the financial media outlet spun out of Robinhood Markets Inc (NASDAQ:HOOD).
The piece, published today, lays out the case that Elon Musk’s empire is converging fast. Tesla poured $2 billion into xAI. SpaceX absorbed xAI in a $1.25 trillion all-stock deal. Tesla then converted its xAI shares into a SpaceX stake, per FTC filings dated March 11.
Chamath Says Forget The IPO
Chamath Palihapitiya doesn’t think SpaceX will go public at all. He thinks Musk will fold it into Tesla instead.
“I think that it will reverse merge into Tesla, and I think Elon will use it as a moment to consolidate control and power of his two …
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