Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion giant. The problem: it would lose money from day one - Fortune
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- Elon Musk wants to merge SpaceX and Tesla into a $3.4 trillion entity.
- The merger would lose money from day one, according to Fortune.
Why it matters: Shareholders of Tesla and SpaceX face immediate value erosion as the $3.4 trillion merger would generate losses from day one, pressuring Nasdaq listing prospects and diverting capital from growth projects.
