Wall Street expects SpaceX to merge with Tesla, legal experts point out shareholder conflicts of interest

According to The New York Times, Wall Street expects SpaceX and Tesla to merge, sharing executive resources and jointly developing projects worth over $1 billion. SpaceX President Gwynne Shotwell stated that the merger will generate synergies in the fields of AI, energy, and robotics. Legal experts point out that Musk is essentially making deals with himself, which may trigger shareholder lawsuits. Legal experts believe that the Texas corporate law makes management decision-making challenging, and Musk has control or influence over both companies. The SpaceX IPO documents suggest the possibility of issuing equity for future transactions.