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SpaceX president Gwynne Shotwell just gave another hint at a Tesla merger
Key takeaways
- All eyes are on the Space X IPO — the world s largest in history — and its CEO Elon Musk.
- We re talking about Tesla, which has a current market cap of about $1.26 trillion.
- SpaceX president and COO Gwynne Shotwell seems open to the idea.
All eyes are on the Space X IPO — the world s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with Space X.
We re talking about Tesla, which has a current market cap of about $1.26 trillion. Musk, who also leads Tesla, has pitched it as an AI and robotics company, even though the bulk of its revenue still comes from selling EVs. Some see a merger with Space X as a critical step to achieving that vision.
SpaceX president and COO Gwynne Shotwell seems open to the idea. During an interview with CNBC, Shotwell said a merger “might make Elon’s life a little easier.”
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