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Elon Musk wants to join SpaceX and Tesla

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Elon Musk wants to join his firms SpaceX and Tesla. He names this a fusion. Both firms build groups. These groups check the plan. Elon Musk is not in the groups. He wants no fight about power. He likes the idea. The firms work well together.

SpaceX builds rockets and gives internet via satellites. The internet has the name Starlink. The firm earns much money with artificial intelligence. Tesla builds electric cars and robots. A new car from Tesla is at SpaceX. It uses tech from both firms. The firms work together on soft-ware and robots.

The shareholders must say yes to the fusion. At SpaceX Musk has much power. He owns many votes there. At Tesla he needs the majority of other owners. A fusion gives Musk more control. He is then boss of both firms again. Both firms are worth many trillion dollars together.

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Definitions

Fusion
A fusion is the join of two or more firms to one big firm.
Shareholder
A shareholder is a co-owner of a firm. He owns parts of the firm that people call shares.
Artificial Intelligence
Artificial intelligence are computer programs that think and learn almost like humans.
Satellite
A satellite is a tech tool in space. It turns around earth and sends signals for TV or internet.

People

Elon Musk
Elon Musk is a very rich businessman. He leads the firms Tesla and SpaceX.

Locations

Space
Space is the room outside earth where stars and planets are.

Sources

Südtirol News

Tesla und SpaceX prüfen laut Musk Zusammenschluss

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Logo SRF
SRF

SpaceX und Tesla - Elon Musk: «Ich denke, eine Fusion wäre eine gute Idee»

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Logo TechCrunch
TechCrunch

SpaceX and Tesla boards form special committees to review merger | TechCrunch

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Logo FAZ
FAZ

Musk-Imperium: SpaceX und Tesla prüfen Fusion

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