Elon Musk is reportedly discussing a merger between Tesla and SpaceX to create a conglomerate valued over $3 trillion. Internal discussions at Tesla have intensified as SpaceX prepares for a record-breaking initial public offering.
A change of control clause in Musk’s compensation agreement could bypass Tesla’s required operational milestones. This provision would allow his payout to trigger based solely on the combined company's market capitalization.
Investors have expressed concerns regarding corporate governance and potential shareholder dilution. Musk has reportedly discussed the combination with both colleagues and Tesla staff.