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Speculation has arisen that Tesla, the electric car company led by Elon Musk, and SpaceX, the aerospace company, will merge into one company.
US CNBC reported on the 26th (local time), citing multiple anonymous sources, that CEO Musk and internal personnel discussed the merger of Tesla and SpaceX.
The merger issue is being openly discussed within Tesla, and it is known that both companies are also exchanging personnel.
Above all, CEO Musk is on the board of directors of both companies, and Ira Ehrenpreis, founder of DBL Partners, also serves as a director for both Tesla and SpaceX.
Current SpaceX directors such as Antonio Gracias and Steve Jurvetson were previously members of Tesla's board of directors. Charles Kooman serves as the Vice President of Materials Engineering for both Tesla and SpaceX.
In addition, CEO Musk's brother, Kimbal Musk, was also a former SpaceX director and is currently included in Tesla's board of directors list.
Financially, both companies are also closely intertwined.
Tesla invested $2 billion (approximately 3.07 trillion won) in the AI company xAI in January this year, and as SpaceX acquired xAI through M&A in February, Tesla secured a stake in SpaceX.
Furthermore, SpaceX purchased Tesla's Megapack battery energy storage system for $697 million in 2024-2025, and last year, it also bought a large number of Tesla's high-end vehicle, the Cybertruck, at consumer prices.
If SpaceX and Tesla merge, CEO Musk is expected to be the biggest beneficiary.
Previously, CEO Musk had proposed achieving a market capitalization of seven trillion, fifty million dollars and building a Martian habitat for 1 million people as conditions for receiving a large compensation package from SpaceX.
Ross Gerber, CEO of investment firm Gerber Kawasaki, commented, "The merger of the two companies will fulfill CEO Musk's dream of running one massive company," and "it will also help raise the necessary funds to compete with companies like Google in the AI sector."
However, it is expected that issues such as which company will become the parent company and how stock exchanges will be carried out during the merger process will become controversial.
Venture capitalist Thomas Tunguz pointed out that Tesla and SpaceX share common ground in their focus on artificial intelligence (AI) talent and computing resources, but predicted that the merger process for the two companies "will be complex."
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