Musk: No Merger Between Tesla, SpaceX

SpacX Founder Elon Musk
SpacX Founder Elon Musk

Elon Musk has knocked down speculation that he will eventually merge SpaceX, Tesla and SolarCity into one large company.

“There’s not a strong rationale to combine SpaceX and Tesla,” Musk said, unlike his previous merger — apparently, “there is (rationale) for Tesla and SolarCity” to combine….

“(The relationship) is really quite tenuous for SpaceX and Tesla,” Musk said. “it’s not enough to merge into one entity.”

SolarCity has accepted an offer from Tesla to acquire it for $2.6 billion. The energy company makes batteries for Tesla’s electric automobiles.