In a CNBC interview on June 12, host Morgan Brennan asked SpaceX president and COO Gwynne Shotwell whether the rocket and AI player might buy Elon Musk’s second largest holding, Tesla. She didn’t dismiss the possibility, and even suggested that it might make sense. “There’s a convergence we’re all trying to accomplish in the future,” she declared, adding that the tie-up “might make Elon’s life a little easier.”
Since SpaceX’s stupendous debut hours after Shotwell’s CNBC appearance, the math governing a potential union has improved substantially. The reason: SpaceX shares have shot to such celestial heights that it can now purchase Tesla by offering far less stock than would have been required had its valuation settled at its pre-trading level.
