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SpaceX's president is floating a Tesla merger as the company begins trading

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71–80 of 120 posts

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#71
I was wondering why he got so many voting shares in SpaceX. Then worked out it was just enough to get overall control of a combined company (assuming SpaceX remains at or above IPO valuation and Tesla stays under his beloved 420).

Suspect it also means all pumping from now on out will be Space X, whilst Tesla will be "less bullish" than normal.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#72
post #8

> There's no question that there are synergies between Tesla and SpaceX in our futures," she said. "There's a convergence of what we're all trying to accomplish in the future." Accomplish a ludicrous valuation above all else?

Yeah I'm definitely questioning what synergies there are between Tesla and SpaceX. What do electric cars and rockets have in common? Are they going to me a rocket powered car? Put a Tesla on the moon? The only thing I can think that makes any sense at all is Teslas coming with Starlink terminals built in. That seems like a stretch though.

Per the article, there are already co-invested in building Elons chip megafab.

If you are doing vertical integration, there are lots of common technologies and skills.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#73

They're gonna have to update this website. Already have to drag in order to finish. ( https://wealth.ronnycoste.com/ )

It's very strange web site, something is off with the math, $9B cost of chemotherapy went away too fast.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#74
post #8

> There's no question that there are synergies between Tesla and SpaceX in our futures," she said. "There's a convergence of what we're all trying to accomplish in the future." Accomplish a ludicrous valuation above all else?

Yeah I'm definitely questioning what synergies there are between Tesla and SpaceX. What do electric cars and rockets have in common? Are they going to me a rocket powered car? Put a Tesla on the moon? The only thing I can think that makes any sense at all is Teslas coming with Starlink terminals built in. That seems like a stretch though.

Stop asking those questions and just give him your money already.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#75

Interesting bit at the end for anyone unaware: Under the terms set out in SpaceX's filing, Musk commands a supermajority of voting shares — more than 80% — and retains the right to sign off even on any board action that could result in his ouster.

It makes sense, he stopped contributing to Tesla significantly long time ago (he redirected the NVIDIA GPUs that were supposed to go for Tesla self driving to X.ai).

He wants full control back.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#76
post #68

Earlier quoted context omitted.

Look at how many fuck ups there are with basically no repercussions; the dude is still rich. Is any more proof needed that if you ride the coat tails of real engineers and have a propensity for screwing other people over that that is what success really is for a lot of people in business? Just look to the number of huge companies with founding members or integral early members being forced out just as things are gett…

This is a take on Elon that I cannot agree with. I get it. I know how much people want to hate him. And how much fuel he has given for that. But he's very talented, and really puts in the work. According to people I personally know who work with him closely, he's the real deal. Doesn't stop him from being an asshole. But you get the bad with the good.

No, Elon didn't put in a trillion dollars worth of work.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#77

The Tesla/SpaceX merger rumors feel like classic cope created by Tesla bagholders who feel they are missing out on the SpaceX IPO. Let’s be real: Elon has mentally checked out of Tesla. His heart and focus is at SpaceX, and long time Tesla holders have watched this slow-motion abandonment happen over the past few years. Just look at the lack of projects/innovation coming out of Tesla, and compare that to what's happe…

This seems like a narrative construction detached from reality . Tesla owners can just sell and buy spacex. Its not like tesla is down.

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#79
post #76
post #68

Earlier quoted context omitted.

This is a take on Elon that I cannot agree with. I get it. I know how much people want to hate him. And how much fuel he has given for that. But he's very talented, and really puts in the work. According to people I personally know who work with him closely, he's the real deal. Doesn't stop him from being an asshole. But you get the bad with the good.

No, Elon didn't put in a trillion dollars worth of work.

Nobody did. That's the cool thing about surplus value creation.

You can take $5 of labor, $5 of capital, and make something people will pay $20 for

Re: SpaceX's president is floating a Tesla merger as the company begins trading

#80
post #35
post #8

> There's no question that there are synergies between Tesla and SpaceX in our futures," she said. "There's a convergence of what we're all trying to accomplish in the future." Accomplish a ludicrous valuation above all else?

Elon's payout depends on it

If anyone thinks there’s any reason other than this, it’s a clear sign they’re incapable of critical thought.
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