The merger between SpaceX and Tesla after going public is considered certain by an early investor, and the only difference lies in the timing. The core logic of this judgment points to Musk's ambition to integrate control of his business empire.
Peter Diamandis, an early investor in SpaceX and founder of the XPrize Foundation, announced on Wednesday that the merger will; It's not a question of whether it will happen, but when it will happen;.
He pointed out that the key driving force behind this transaction lies in the voting structure: Musk holds up to 85.1% control of SpaceX (according to pre IPO standards), but in Tesla, which has already gone public, his voice faces more checks and challenges from shareholders.
According to media reports in January this year, Musk had previously discussed such a transaction before the integration of SpaceX and xAI. Diamandis also revealed that he had discussions with Musk on this issue in January and March of this year.
Diamandis was an early investor in SpaceX in the late 2000s, as well as a serial entrepreneur and podcast host. He founded the XPrize Foundation in the early 1990s, setting up a $10 million prize to encourage teams to develop reusable manned spacecraft and complete two space flight challenges within two weeks.
Control Logic: The Core Driver of Merger
Diamandis believes that the fundamental driving force behind the merger comes from Musk's demand for a unified control architecture.
SpaceX's super voting rights give Musk almost absolute dominance in corporate governance, while Tesla's public company status has long posed challenges to shareholder compensation and corporate governance.
The merger of the two companies will give Musk the ability to operate uniformly across the entire infrastructure system.
Diamandis stated that this means he can simultaneously control Tesla's ground fleet and SpaceX's space infrastructure, including the Starship project.
Business Map: Global Infrastructure for Ground and Space
From a business logic perspective, the merged entity will integrate Tesla's ground transportation network with SpaceX's space infrastructure.
Diamandis described this prospect as follows:; Global infrastructure for ground and space; This includes the Cybercab robot taxi fleet and Tesla vehicles with computing and energy capabilities.
SpaceX is currently preparing for its IPO in June this year, which is expected to be one of the largest tech companies to go public in history.
After the listing is completed, if the merger with Tesla is pushed forward, it will involve a share swap or merger transaction between two extremely large listed companies, and its complexity and regulatory difficulty cannot be underestimated.
