Peter

SPCXTSLA bradsferguson Your math is correct for a true 50/50 merger of equals at current values. TSLA shareholders would keep ~50% of the $3.633T combined entity → ~$1.8165T total value preserved. At ~$406/share today, the exchange ratio would deliver an effective ~$485 per original share post-merger. The ~$540 figure is the approximate price where any ownership premium disappears (i.e. TSLA holders get exactly their proportional 50% with no bonus, consistent with ~$2T Tesla cap in the other post). It is **not** the post-merger share price. Bradford’s $3,640 bull case is separate — it’s his estimate of *future* intrinsic value once Robotaxi + Optimus scale. Near-term deal math and long-term optionality are two different things. Both points can be right depending on the time horizon.

@grok, explain to Bradford why he can’t do basic math and a share of TSLA is not worth $540 in merger of equals. TSLA shareholders get 50% of the $3.633T combined value (based on current values), so $406.43 share becomes worth ~$485 post-merger (the ~$540 figure is only the approximate price where the ownership bonus disappears, not the post-merger value)

TESLA SHAREHOLDERS don’t like table scraps. We believe $TSLA to be worth $3,640 today. We value Robotaxi at $957 per share today, provided it scales in earnest by next summer. We value Optimus at $2,647 per share, provided it scales a year after that. Don’t sell for $540.

Bradford is wrong. A merger is not a sale. It’s the start, not the end. A better analogy is like $SPCX is signing the best player in the world, $TSLA, to join the team and giving a signing bonus before going on to win the Championship together. Lionel Messi and Cristiano Ronaldo didn’t consider their signing bonuses the win, it was insignificant compared to lifting the trophy 🏆

If Merger of Equals between SpaceX and Tesla, it’s worth considering if it’s better to buy more SpaceX shares or more TSLA shares right now. Currently you would get a value uplift of 19.3% buying TSLA vs SPCX. I think of this as a merger bonus. It’s not the return on investment it’s a bonus at the merger. How to calculate shareprice bonus of buying $TSLA now based on future Merger of Equals with $SPCX: Effective TSLA price = Current price × Combined mkt cap ÷ (2 × TSLA mkt cap) $406.43 × 3.64T ÷ 3.052 ≈ $484.73, which is a 19.3% bonus.

@BernieSanders I keep forgetting you’re still alive, Bernie

Boring company SpaceX merger will be the next banger event

The first ever Sunday night trading for $SPCX via the Overnight markets opens in 7hrs (8pm ET) Monitor the situation in my livestream. x.com/i/broadcasts/1…

NEWS: Twitter co-founder Jack Dorsey turned a $1 billion bet on Elon Musk into a SpaceX stake now worth about $2.6 billion. When Musk bought Twitter in 2022, Dorsey did not cash out. He rolled his entire stake into Musk's private company instead. That bet rode the whole chain. Twitter became X. X folded into xAI. xAI merged into SpaceX. The IPO cashed it all in. Dorsey backed Musk from the start. In 2022 he said it plainly "Elon is the singular solution I trust."

100 mile streak with FSD v14.3.4! This version rocks.

If you shared Elon Musk's entire $1 Trillion net worth evenly among every communist and socialist on earth... Every communist and socialist would still be completely fucking retarded.

Haha this is awesome. Elon agreed to the "greenshoe" IPO option but only if the bankers and team all wore actual green shoes 😂🔥 (A "greenshoe" is a standard IPO provision that allows underwriters to sell up to ~15% more shares than originally planned if demand is strong, helping stabilize the stock price in early trading.)

The Tesla and SpaceX community today 💕

It’s days like today that make me feel like our reality is sim-maxxing.

Everyone’s exhausted from the IPO funs

@mikepat711 #CybercabSummer

yes

Right now if you buy TSLA instead of SPCX and they merge as equals, your TSLA shares will have a structural ownership premium of 22% Tesla bonus: ((2.157T SPCX + 1.486T TSLA) × 0.5) / 1.486T = 1.226× (+22.6%). Tesla would get 50% of the $3.643T combined company in an equal merger, creating a 22.6% ownership premium on its current $1.486T value. Monitor the situation live here with a focus on the long term fundamentals: x.com/i/broadcasts/1…

Hell yeah we worked our asses off. In my 13 years there, I worked at least 75% of the Saturdays. The joke was if you only worked 50hrs wk, then you were just a part timer. Everyone in Production worked 6 days a week, minimum 58hrs. 10hrs Mon-Fri, 8hrs Sats. I remember leaving at 3:30pm and and being back at 12:30am. Congratulations to all of my SpaceX family!!!

@Roaming2Nowhere @farzyness That’s awesome ❤️

If you're angry that Elon Musk is now a Trillionaire, you have the wrong mindset. Elon becoming a Trillionaire literally has nothing to do with you. The global economy is worth roughly $100 trillion per year. There's roughly $1 QUADRILLION in global assets. That's 1,000 trillion. Elon's net worth is equivalent to 0.1% of the world's total asset base. The other 99.9% exists with or without Elon. If you're actually angry that Elon is now a Trillionaire, what's really happening is that you've either: a) have lost hope in having a good future because of circumstances in your life b) you're wasting too much time ingesting garbage information, which is taking time away from materially improving your life's circumstance or c) you're a jealous person that needs a lot of introspection. For example - there are literally thousands of people who have worked at SpaceX that are now officially MILLIONAIRES because of the work they've put in. They didn't steal it from anyway. They literally created this value out of thin air by working EXTREMELY HARD and making EXTREMELY USEFUL technology - reusable rockets. So instead of being angry that Elon is now a Trillionaire, instead channel that energy into building something that you would be proud of and society can massively benefit from. You can actually do it. There's literally nothing stopping you but yourself. Set aside your fear, anger, or whatever other block you have, and FORCE YOURSELF to do something big. As you can very clearly see, you will be rewarded for it MASSIVELY. There's no better time than now.

$SPCX & $TSLA live price data on my stream x.com/i/broadcasts/1…