Barclays analyst Dan Levy says Elon Musk’s two publicly traded companies, Tesla and SpaceX, could announce a merger within the coming weeks, possibly before Tesla’s annual shareholder meeting.
\n\nInvestor’s Business Daily reports that Tesla’s annual meeting is expected on or before December 6, and Levy says an early announcement would let shareholders vote on the deal at that meeting. Wall Street has floated the idea of a Tesla-SpaceX tie-up since SpaceX went public in June in the biggest IPO ever.
\n\nLevy framed the possible deal in AI terms. “The merger would likely be pitched as an AI vertical integration play,” he wrote in an analysis, adding that it would involve “combining the physical AI aspects of Tesla (i.e., Robotaxi, Optimus) with the virtual AI aspects of SpaceX (i.e., Grok, Macrohard).”
\n\nMusk usually brushes off questions about a potential merger, citing SEC rules for public companies. But he sounded different last month at the All In Summit in Los Angeles, when someone asked why SpaceX and Tesla remain separate. “With all this collaboration on so many levels, you can imagine an action one might take when there is so much close collaboration in so many areas,” he said.
\n\nAnd the collaboration…
Original source: https://www.breitbart.com/economy/
