A rumour is circulating more and more insistently in the corridors of Wall Street: Elon Musk could launch a Tesla and SpaceX to merge to create a tech giant valued at $4.000 trillionThe New York Times broke the story, making it clear that it's more than just gossip: in addition to Musk's "hardcore" supporters, those raising concerns about the possibility of such a move include institutional investors, analysts, and even a senior SpaceX executive, who has suggested the creation of a sort of "Elon Corporation" on social media and in recent interviews.
in short after launching the largest IPO of all time with SpaceXElon Musk could still surprise and double down by combining the recently listed company on the Nasdaq with the historic Tesla, which is primarily focused on electric cars. The merger would create a giant focused on artificial intelligence, ultra-fast satellite connectivity (Starlink), humanoid robotics, and data centers, rather than rockets or electric cars.
The merger would create a $4.000 trillion tech giant.
Moreover, the two companies have long shared executives and other resources and are jointly developing billion-dollar projects. Since Musk controls SpaceX and is Tesla's largest shareholder., he would essentially be making a deal with himself. This would raise legal questions and likely lead to lawsuits accusing him of ignoring the interests of other shareholders. However, according to legal experts, no legal action would likely stop Musk: corporate law in Texas, where Tesla and SpaceX are now headquartered, makes it very difficult for dissatisfied investors to challenge management decisions.
According to experts, SpaceX will ask Tesla to exchange shares
To possibly stop Elon Musk's ambitions, shareholders should unite to form a 3% bloc, but this is also not common practice. With Tesla's current market capitalization of $1.500 trillion (7.740 trillion reais), dissident investors would collectively own shares worth $45 billion (232,24 billion reais). The two companies are currently keeping tight-lipped, but experts cited by the NY Times expect SpaceX, as the more highly valued company, to offer to swap its shares for Tesla's to form the new company.
The approval of the merger requires the approval of two-thirds of Tesla shareholders.
According to Texas law, Two-thirds of Tesla shareholders would have to approve the mergerMusk already controls about 20% of the voting rights. Many of the other shareholders deeply admire the founder and recently approved a compensation package for him that could reach nearly $1.000 trillion if he achieves particularly ambitious goals. Tesla's board of directors also has a long history of supporting Musk's ideas: Tesla and SpaceX have long shared board members, many of whom have long-standing friendships or business relationships with Musk.
