What Happened
Fourth Billion-Dollar Self-Deal Raises Concerns Among Shareholders
Elon Musk is reportedly considering a merger between Tesla and SpaceX, just weeks before SpaceX’s massive IPO. If successful, this would be Musk’s fourth billion-dollar self-deal, following previous transactions involving SolarCity, Twitter, and xAI. The potential merger has raised concerns among shareholders, who are already suing Musk over his handling of Tesla’s investment in xAI. According to Electrek, Musk’s pattern of self-dealing has benefited his private holdings disproportionately, and this merger could create a $3 trillion entity.