Elon Musk's corporate web: SpaceX's S-1 uncovers hundreds of millions in internal deals
SpaceX's S-1 filing reveals Elon Musk's companies paid each other hundreds of millions of dollars last year, including SpaceX paying Tesla $144 million and xAI paying Tesla $506 million, with total intercompany spending around $650–$660 million. The transactions cover Megapack battery projects, Cybertrucks, aircraft use, office space, and security, plus tunnel work by The Boring Company. Tesla even owns a stake in SpaceX, underscoring a deeply interconnected ecosystem that the filing says could benefit investors despite potential conflicts of interest. The document also hints at ongoing collaboration on initiatives like Macrohard and Terafab, signaling a long-term strategic relationship.