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The merger was most likely now because they have to do it before the IPO. After the IPO, there’s a whole process to force independent evaluation and negotiation
by tyre 9mo ago
The merger was most likely now because they have to do it before the IPO. After the IPO, there’s a whole process to force independent evaluation and negotiation between two boards / executives, which would be an absolute dumpster fire where Musk controls both.
When they’re both private, fine, whatever.
- justaboutanyone 9mo agoFirst thing a public spacex would want to do is sell off all the non-spacex crap
- tyre 9mo agoA public SpaceX will still be run by Musk. A public SpaceX would have to sell assets like X for a huge loss given its debt load, which would also take a propaganda machine out of Musk’s hands. They’re stuck with those assets.