alt Hacker News> now that SpaceX and Tesla are the 'same' company
Did I miss something big on the stock market or are these actually still two different public companies? How do the shareholders of both of these (ostensibly different, kind of unrelated) large publicly-held companies feel about them being conflated like this? Is there any historical precedent for this situation?
Replies
They are still distinct public companies and they want to merge them. And even today the amount of cross mingling between those two entities however is quite significant. You would not necessarily know that they are independent from each other.
The roadster uses Space X propulsion tech, the cybercab uses starlink, grok is in all Tesla cars, both companies share Terafab. But then Tesla also supplies batteries and cybertrucks to Space X etc.
They might be confusing X, which is a subsidiary of SpaceX. The IPO was just a vehicle to pay off X’s debt.
There is a rumor going around that Musk is going to merge the two in December before the Democrats take power.
I read this as 2 phrases
“I agree with Elon now”
Meaning now I agree, and
“that SpaceX and Tesla are the 'same' company”
With ‘same’ in quotes meaning they are not literally the same but conceptually they are the same.
FTR I do not agree they are the ‘same’ company and I think the circular relationships between Musk’s companies is kind of like a shell game.