[beambot]

> Elon can't legally financially entangle Tesla to SpaceX

Bill Ackman has proposed taking SpaceX public by merging it with his Pershing Square SPARC Holdings, distributing 0.5 Special Purpose Acquisition Rights (SPARs) to Tesla shareholders for each share held. Each SPAR would be exercisable for two shares of SpaceX, aimed at enabling a 100% common stock capitalization without traditional underwriting fees or dilutive warrants.

With SpaceX IPO set to be one of the biggest of all time, this could have a pretty gnarly financial engineering impact on both companies -- especially if the short interest (direct or through derivatives) remains large.

[jedberg]

Why would SpaceX go public? They already have a robust enough private market to give liquidity to all of their employees and shareholders who want it. They can get more private investment.

Going public would add a lot of hassle for little to no gain (and probably a negative of having to reveal their finances).

[spikels]

It has been widely reported for weeks that SpaceX is planning to go public in a few months. The reason is they have big plans to run a vast network of AI servers in orbit and will need to raise a massive amount of funding. xAI merger fits with that plan. I'd assume SpaceX still plans to go public.

Was ignored on HN but here's an article explaining:

https://arstechnica.com/space/2025/12/after-years-of-resisti...