SpaceX–Tesla merger could trigger Elon Musk’s $1 trillion payout, diluting investors

Electrek argues that a SpaceX–Tesla merger could automatically trigger Elon Musk’s $1 trillion, 2025 performance-based stock award via a change‑in‑control clause that disregards operational milestones and bases earned shares on market capitalization, potentially delivering massive value to Musk while diluting other shareholders and retirement funds. The piece links this risk to lofty SpaceX valuations, a possible all‑stock deal, NASDAQ listing rules, and portrays Musk’s actions as part of a pattern of self‑dealing.