A merger between Elon Musk's SpaceX and Tesla is inevitable, according to early SpaceX investor Peter Diamandis. He says it's only a matter of timing.
In a Bloomberg Television interview Wednesday, Diamandis said the combination makes sense because it would give Musk the super voting rights he has at SpaceX but lacks at publicly held Tesla. Musk had 85.1% control at SpaceX before its IPO.
"I put it not as a matter of if but only a matter of when those companies come together," said Diamandis, founder of the XPrize Foundation and a podcast host who has spoken with Musk this year.
Merging the companies would give Musk "the ability to operate across all of this infrastructure," including a fleet of Cybercab robotaxis and Tesla vehicles with compute and power capability, creating "a global infrastructure on the ground and in space."
Bloomberg reported in January that Musk held talks about such a transaction prior to SpaceX's combination with xAI. Diamandis also spoke to Musk about it broadly in January and March.
A CNBC report Tuesday detailed how talks of a tie-up were routinely and openly discussed by employees at both firms.
Diamandis first invested in SpaceX in the late 2000s and has started or backed several companies.
