SpaceX-Tesla merger could create a Frankenstein's monster Wall Street can't value
Source: Business Insider ·
A merger could leave investors wrestling with a sprawling, complex conglomerate.
From the source
Win McNamee/Getty ImagesThis post appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.Some pairings feel inevitable. "Friends" had Ross and Rachel. "The Office" had Jim and Pam. Elon Musk has SpaceX and Tesla.But a deal between Musk's two giant companies could end up looking more like Frankenstein's monster than a Hollywood love story. And investors might struggle to understand and value it.The SpaceX-Tesla tie-up isn't a shoo-in, but both sides are officially considering it. That raises questions about what's gained from a merger.Combining the companies turns Musk's two jobs into one. Their somewhat overlapping AI plans could create significant efficiencies in areas like compute and talent. Joe Ciolli, author of the First Trade newsletter, broke down the pros and cons for SpaceX and Tesla investors.These companies have A LOT under their hoods, though. Here are just some of the businesses or long-term bets that SpaceX and…