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Elon Musk checks a fusion of Tesla and SpaceX

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Elon Musk leads Tesla and SpaceX. He thinks about a fusion. A fusion is a join of companies. Shareholders want this step.

Special groups check the plan. Elon Musk is not in the groups. He wants no errors for his goals. Elon Musk likes the idea.

He says: The fusion is not sure yet. Half of the owners must say yes. Both firms have much money at the stock market.

SpaceX has a value of 1.9 trillion dollars. Tesla has a value of 1.5 trillion dollars. It is the biggest fusion ever.

SpaceX makes much profit now. The firm earns money with internet from space. This service has the name Starlink.

Tesla wants to change in the future. The firm builds robot cars and human robots. Tesla builds electric cars now.

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Definitions

Shareholder
A shareholder is a co-owner of a firm. He buys parts at the stock market and wants profit.
Fusion
A fusion is the join of two or more firms to one big firm.
Trillion
A trillion is a very big number. It has 12 zeros.

People

Elon Musk
A known businessman from the USA. He owns firms like Tesla and SpaceX.

Sources

Logo ZDFheute
ZDFheute

SpaceX mit Milliardengewinn - Musk: Fusion mit Tesla "gute Idee"

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Logo Die Presse
Die Presse

Tesla und SpaceX prüfen Zusammenschluss

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Logo ORF
ORF

Musk bestätigt: Tesla und SpaceX prüfen Zusammenschluss

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Logo Kurier
Kurier

Tesla-Fusion mit SpaceX: Elon Musk prüft Zusammenschluss

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