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00:02A potential merger between Tesla and SpaceX could give Elon Musk majority voting control
00:08over his corporate empire without meeting the ambitious goals tied to his compensation packages,
00:13according to Reuters. Musk gained 85% voting control of SpaceX before meeting the goals
00:20tied to his stock awards, but he cannot receive their economic benefits until he achieves those
00:25targets. Barclays analysts estimate a SpaceX acquisition of Tesla would give Musk 56%
00:32of the combined company's voting power, with a 37% ownership stake. Tesla's $1 trillion
00:38compensation plan currently requires Musk to meet market valuation and operational milestones.
00:44However, a merger could eliminate certain operational requirements,
00:48while SpaceX's board could restructure his compensation package.
00:52For all things money, visit Benzinga.com.
