Angel investor Jason Calacanis, Palihapitiya floated a contrarian scenario that Musk has long spoken about forming a holding company that could eventually house not just SpaceX and Tesla but also Neuralink and The Boring Company.
“I don’t think SpaceX will IPO. I think it will reverse merge into Tesla,” Palihapitiya said. “I think Elon will use it as a moment to consolidate control and power of his two seminal assets into one cap table.”
It remains unclear what the real-world impact of a SpaceX-Tesla reverse merger would be, but online speculation has been intense.
He believes such a move could supercharge Tesla’s valuation, potentially making it easier for Musk to hit the ambitious performance milestones tied to his historic trillion-dollar compensation package.