Texas AG-Elect Nathan Johnson Vows to Scrutinize SpaceX-Tesla Merger
Bloomberg says the combined company could span EVs, batteries, AI and rockets, while Texas officials promise antitrust and political scrutiny.
- On Thursday, Texas Attorney General-elect Nathan Johnson vowed to subject any merger between SpaceX and Tesla to "tremendous scrutiny," as the companies progress in negotiations with a potential announcement as soon as December.
- The proposed merger would unify Elon Musk's AI, robotics, EV, and aerospace ambitions under one corporate roof, combining companies valued at over $1.9 trillion for SpaceX and roughly $1.5 trillion for Tesla.
- Musk's election spending totaled at least $474 million, including $224 million in Texas, where Republican Senate nominee Ken Paxton and Governor Greg Abbott lost their races.
- Johnson, who takes office in January, stated he does not want anyone to have such control that they can "bend public power to their private gain," citing concerns about Musk's influence.
- Democrats, who will control Congress starting in January, have promised to investigate Musk's business and political dealings. Johnson noted he remains open to dialogue, stating, "If Elon wants to talk, we can talk.
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Tesla's (NASDAQ: TSLA) China Operations Emerge As Key Obstacle In Potential SpaceX Merger Deal
Beneath the headline-grabbing prospect of a Tesla (NASDAQ: TSLA) and SpaceX (NASDAQ: SPCX) merger lies a structural problem that analysts say could prove deeply difficult to resolve. Tesla’s substantial manufacturing presence in China is fundamentally incompatible with SpaceX’s national security-sensitive operations, creating a structural hurdle that dealmakers would need to address before any combination could close. Discussions are nonetheless…
Texas’ next AG vows ‘tremendous scrutiny’ of Tesla-SpaceX deal
Texas Attorney General-elect Nathan Johnson vowed to take a close look at any potential merger between Elon Musk’s Space Exploration Technologies Corp. and Tesla Inc., warning of the perils of corporate concentration as the state’s two most valuable companies weigh…
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