From BBC News · · 1m 10s
Elon Musk Considers Tesla SpaceX Merger
Elon Musk says merging Tesla and SpaceX could be a good idea but needs shareholder approval.
In brief
Elon Musk says merging Tesla and SpaceX could be a good idea but needs shareholder approval. Elon Musk is considering merging Tesla and SpaceX, which would be one of history's largest mergers, but shareholders must approve. Originally reported by BBC News.
Musk Considers Tesla SpaceX Merger
Elon Musk says he is actively considering merging Tesla and SpaceX, his two biggest companies.
“Do I think it would be a good idea ? Yes”
Merger Needs Shareholder Approval
Musk noted a merger would require shareholder support and special committees within both companies have been formed to examine the move.
“The special committees have not reached agreement on terms of any transaction and there's no guarantee that they will”
Companies Valued at $1.5T and $2T
Tesla is valued at roughly $1.5 trillion and SpaceX at $2 trillion, making their merger one of history's largest.
“a combination of the two companies would mark one of the largest mergers in history”
Starlink Revenue Rises
Starlink's total revenue rose to $5.2bn in the three months to 30 September from $3bn in the same period last year.
“Starlink's total revenue rose to $5.2bn in the three months to 30 September from $3bn in the same period last year”
Musk Describes as 'Tap Dancing Through a Minefield'
Musk described the merger possibility as 'tap dancing through a minefield' and said it would be decided by shareholders.
“Even commenting on the possibility of combining the two companies, musk compared it to " tap dancing through a minefield "”
Shareholders May Approve Merger
At least 50% of Tesla's shareholders would need to approve a combination, which Musk described as 'quite a high hurdle to achieve'.
“At least 50% of Tesla's shareholders would need to approve a combination, which Musk described as " quite a high hurdle to achieve "”
The main idea
Elon Musk is considering merging Tesla and SpaceX, which would be one of history's largest mergers, but shareholders must approve.
