Elon Musk, Merging Tesla and SpaceX Amid Speculation… Could a 3 trillion won Mega-Tech Giant Be Born?

*This content was translated by AI.

As SpaceX, the space exploration company led by Elon Musk, CEO, approaches its historic initial public offering (IPO) on the NASDAQ, strong speculation is emerging both inside and outside Wall Street regarding a potential merger between Tesla and SpaceX.

On the 26th (local time), CNBC reported, citing sources familiar with the matter, that Musk has recently held in-depth discussions with his close associates on integrating the two companies into one. With SpaceX expected to begin NASDAQ trading on June 12 under the ticker 'SPCX' and be valued at up to 1.75 trillion won (approximately 2,300 trillion won), this merger rumor has emerged as a key variable that could shake global financial markets.

The 'Two Families Under One Roof' Combination Already Underway

Although Tesla and SpaceX are legally distinct entities on paper, they have effectively operated as a single ecosystem by extensively sharing personnel and resources. Musk not only controls the boards of both companies, but key figures including Kim Musk are also cross-appointed to both boards.

In particular, the business ties between the two companies are rapidly strengthening through artificial intelligence (AI). Shortly after Tesla invested $2 billion in Musk's AI company, xAI, earlier this year, SpaceX abruptly merged with xAI, creating a structure where Tesla's capital naturally flowed into SpaceX. According to recent IPO filing documents submitted by SpaceX, capital expenditures totaling $12.7 billion were made in the xAI business unit alone last year, surpassing the company's traditional space launch vehicle operations. Additionally, the advanced AI semiconductor production facility project 'Terafab,' jointly being built in Austin, Texas, is expected to support both Tesla's autonomous driving and SpaceX's in-orbit data centers simultaneously.

Birth of a 3 trillion won 'Mega-Tech' and Synergies

Wall Street is focusing on the ripple effects of combining the two companies. Dan Ives, an analyst at Wedbush Securities, stated, "Considering synergies in the fields of AI, robotics, advanced manufacturing, and energy storage systems (ESS), there is a high probability that the two companies will merge around 2027." Adding Tesla's current market capitalization of approximately 1.6 trillion won to SpaceX's estimated valuation would result in the creation of a massive technology conglomerate with a value exceeding 3 trillion won (approximately 4,000 trillion won) through simple calculation. If SpaceX's Starlink satellite network combines with Tesla's mobility technology, the resulting technological moat is expected to be unparalleled.

Shareholder Backlash and 'Conflict of Interest' Controversies Must Be Overcome

Beneath the rosy outlook lies a dark shadow. Some segments of the market suspect this merger attempt is another of Musk's signature large-scale 'self-dealing,' following his past acquisition of SolarCity and Twitter (X). From a corporate governance perspective, SpaceX is a special company where Musk exercises overwhelming voting rights of over 85%. For Tesla shareholders, concerns are growing that they may be forced to bear massive AI infrastructure investment costs with uncertain profitability and the risks of the space business.

Global attention is focused on whether Musk's vast 'empire,' encompassing space, electric vehicles, and artificial intelligence, will become a reality, and where the sentiments of shareholders of both companies will lean following the upcoming SpaceX IPO.

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.