The Grant Williams Podcast · Tuesday, November 3, 2026
Steve Clapham discusses the proposed or idea that Tesla and SpaceX would merge, noting that investors ahead of the SpaceX IPO were told this was the plan. Clapham and Grant Williams discuss the potential implications for Elon Musk's control and compensation structures.
“When I was talking to people who were investors in SpaceX ahead of the IPO, they all told me, well, this is the plan. This is obviously the way the thing's being constructed and the way the governance is being constructed. That's obviously the plan.”
“I suspect when this thing goes through... The big discussion is going to be around how Elon Musk is going to personally take a trillion dollars out of it from his Tesla pay structure.”