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points by reverius42 1 day ago | 0 comments

> 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?

[–] lukevp 1 day ago

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.

[–] kraig911 1 day ago

Sorry I did not mean to be vague you hit the nail on the head but I think the circular relationships he's made between his companies has real pay off.

[–] bliteben 1 day ago

Seems super strange to have 2 seemingly successful companies with huge market caps and you want to merge them?

[–] rubyn00bie 1 day ago

There are two big advantages for Musk…

1. Power. He can amass more power by concentrating it in SpaceX. There was a lot of financing needed getting Tesla to mass produce vehicles… where Musk likely conceded more power (and money) than he wanted.

2. SpaceX (sans xAI and Xitter) is the one business he’s got really generating a profit and likely will be able to continue that trend. It lets him paper over financial issues that would show up in the balance sheets of individual companies.

[–] the_mitsuhiko 1 day ago

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.

[–] tracerbulletx 1 day ago

The "roadster demo for a car that doesnt exist and may never exist" uses space x propulsion tech.

[–] greggsy 1 day ago

They might be confusing X, which is a subsidiary of SpaceX. The IPO was just a vehicle to pay off X’s debt.

[–] mschuster91 1 day ago

> The IPO was just a vehicle to pay off X’s debt.

... and to offload a ton of bad luck onto retail bagholders.

Once the AI bubble pops, SPCX will collapse, but everyone in on the game will have gotten much more thanks to selling their stock than they'd ever put in in either SpaceX or Twitter.

[–] Fordec 1 day ago

There is a rumor going around that Musk is going to merge the two in December before the Democrats take power.