What Happened
Musk's Companies May Unite in Future Conglomerate
Tesla shareholders are betting on a potential merger between Tesla and SpaceX, following SpaceX’s recent IPO. The combination of the two companies could create a massive technology conglomerate, rivaling companies like Nvidia, Alphabet, and Apple. This development was reported by Bloomberg, which notes that a merger could make Tesla shareholders more agreeable to the idea, especially if SpaceX’s stock continues to slump.