Will SpaceX Merge With Tesla? The Answer Might Be Hiding in Plain Sight.
SpaceX just filed an amendment to its IPO documentation, and one sentence suggests a major deal could be on the horizon.
Overview
With SpaceX marching toward what could be the largest initial public offering (IPO) in history, new language in the company's amended S-1 filing has poured rocket fuel on a long-standing rumor: that Tesla (NASDAQ: TSLA) and SpaceX could be considering a merger.
In the original S-1, SpaceX wrote, "We may issue additional shares for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans." This is about as boilerplate legalese as it gets in a Securities and Exchange Commission (SEC) document.
Details
Now, the space exploration unicorn says, "We may issue a significant amount of equity in connection with future transactions."
Source
Originally published at www.fool.com.
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