Business · Updated 21 Oct, 08:44 am IST
Tesla and SpaceX boards explore possible merger, could dilute shareholders
Why it matters for readers: It reveals how leaders like Elon Musk manage multiple companies and consider big structural changes.
- Tesla and SpaceX have created special board committees to explore a possible merger.1
- Elon Musk, who is CEO of both companies, announced the review during SpaceX's quarterly earnings call.1
- The potential merger could dilute shareholders and affect retirement savings of people exposed to major stock indices.1
- Musk has complained previously about being constrained by Tesla's public-shareholder structure, and his ownership stake is reported at around 22% after restoration of his pay package.1
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