Elon Musk Considers Tesla and SpaceX Merger

Elon Musk wants his two biggest companies to join forces. Tesla and SpaceX formed special committees to study a potential merger. Musk says combining the electric car maker and the rocket company makes good sense.

The two tech giants share several key goals. Both businesses build advanced computer chips and smart robots. A single combined company could share workers and patents faster.

Tesla trades on the public stock market, but SpaceX remains private. A deal gives regular investors a direct stake in space travel. Keep an eye on Tesla stock as the company boards review the plan.

Source: Fox Business