BREAKINGVIEWS-A SpaceX-Tesla merger may be too big to stop

Tesla Motors, Inc.
Space Exploration Technologies

Tesla Motors, Inc.

TSLA

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Space Exploration Technologies

SPCX

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Robert Cyran

NEW YORK, June 3 (Reuters Breakingviews) - The soon-to-list rocket-maker’s joint ambitions with the electric-car giant, plus Elon Musk’s habit of buying his own firms, up the odds of a multi-trillion-dollar tie-up. His hefty stakes are bolstered by Texas law: a Tesla shareholder might need some $50 bln of stock to sue.

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CONTEXT NEWS

SpaceX plans to fix its IPO price at $135 a share ahead of a roadshow on Thursday, Reuters reported, as it looks to raise $75 billion. The rocket, satellite and AI company is targeting a $1.75 trillion valuation.


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