SpaceX president Gwynne Shotwell just gave another hint at a Tesla merger

SpaceX 总裁 Gwynne Shotwell 再次暗示了与特斯拉合并的可能性

All eyes are on the SpaceX IPO — the world’s largest in history — and its CEO Elon Musk. But lest you forget, there is another publicly traded company in the Musk universe that many believe will someday merge with SpaceX. 全世界的目光都聚焦在 SpaceX 的首次公开募股（IPO）上——这是史上规模最大的 IPO——以及其首席执行官埃隆·马斯克（Elon Musk）。但别忘了，马斯克商业版图中还有另一家上市公司，许多人认为它终有一天会与 SpaceX 合并。

We’re talking about Tesla, which has a current market cap of about $1.52 trillion. Musk, who also leads Tesla, has pitched it as an AI and robotics company, even though the bulk of its revenue still comes from selling EVs. Some see a merger with SpaceX as a critical step to achieving that vision. 我们指的就是特斯拉（Tesla），其目前市值约为 1.52 万亿美元。同样执掌特斯拉的马斯克一直将其定位为一家人工智能和机器人公司，尽管其大部分收入仍来自电动汽车销售。一些人认为，与 SpaceX 合并是实现这一愿景的关键一步。

SpaceX president and COO Gwynne Shotwell seems open to the idea. During an interview with CNBC, Shotwell said a merger “might make Elon’s life a little easier.” SpaceX 总裁兼首席运营官 Gwynne Shotwell 似乎对这一想法持开放态度。在接受 CNBC 采访时，Shotwell 表示，合并“可能会让埃隆的生活轻松一些”。

There is evidence that SpaceX is already preparing for one. The company amended its S-1 registration document ahead of its public debut to include new language in its risk factors section about mergers and acquisitions. The added sentence, which reads “We may issue a significant amount of equity in connection with future transactions,” is a warning to investors of future dilution. A warning like that wouldn’t be necessary for a small-scale deal; it likely means Tesla. 有迹象表明，SpaceX 已经在为此做准备。该公司在上市前修改了 S-1 注册文件，在风险因素部分增加了关于并购的新表述。新增的句子写道：“我们可能会在未来的交易中发行大量股权”，这是对投资者未来股权稀释的警告。对于小规模交易而言，这样的警告是不必要的；这很可能指的是特斯拉。

As a reminder, Musk is quite comfortable bringing the disparate pieces of his portfolio together. SpaceX acquired Musk’s AI company, xAI, earlier this year. And xAI acquired Musk’s social media company, X, in an all-stock transaction the year before. 需要提醒的是，马斯克非常乐于将他旗下各不相同的业务整合在一起。SpaceX 在今年早些时候收购了马斯克的人工智能公司 xAI。而 xAI 在前一年通过全股票交易收购了马斯克的社交媒体公司 X。