Elon Musk is reportedly floating the idea of merging Tesla (TSLA) and SpaceX, just weeks before SpaceX’s massive IPO on the Nasdaq. If it happens, this would literally be the fourth time Musk has orchestrated a billion-dollar transaction between companies he controls.

No one in corporate America is doing this at the scale Musk is. Between SolarCity, Twitter/X, and xAI, Musk has built a playbook for self-dealing that is unprecedented — and now he’s gearing up for the biggest one yet.

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