Deals
Musk’s Private SpaceX Market Hints at Path to Tesla Buyout
- SpaceX has internal stock market for employees and investors
- An internal market at Tesla could help Musk keep shareholders
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Elon Musk, a pioneer in commercial space exploration and electric cars, is now tinkering with one of Wall Street’s most storied products: the management led buyout.
Musk, in tweeting Tuesday that he may take Tesla Inc. private, said he hoped “all” investors would remain shareholders after the buyout rather than follow the conventional approach of cashing out. He looked no further than his rocket company -- Space Exploration Technologies Corp. -- for a way to keep Tesla shareholders onboard.