Gary Black Expects Announcement of SpaceX's All-Stock Acquisition of Tesla at $420 Per Share
TSLA Tesla Inc
$373.71 +1.54%
View chart & analysis → - 1Future Fund's Gary Black predicts an announcement of SpaceX (SPCX) acquiring all of Tesla (TSLA) in stock will occur within weeks
- 2The acquisition price is expected to be $420 per share paid in SPCX stock, with the deal potentially taking about a year to close
- 3Black views the sole purpose of the Roadster event as a justification for the merger while maintaining a cautious stance on Tesla's valuation
So what's the key point?
An investment expert expects an announcement that SpaceX will acquire Tesla using stock within a few weeks. Both companies' stock prices rose slightly during the same period.
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