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Musk’s Private SpaceX Market Hints at Path to Tesla Buyout

Miles Weiss
Musk’s Private SpaceX Market Hints at Path to Tesla Buyout

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. For years SpaceX has run an internal stock market for employees and other shareholders, allowing it to remain closely held.