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Venture capitalist Chamath Palihapitiya said on Tuesday that investors are overlooking a major near-term value driver for SpaceX, arguing that Elon Musk could create strategic and financial leverage by combining the space venture and Tesla Inc. under one corporate structure.
Appearing on CNBC's "Squawk Box," the All-In podcast co-host said he sees "a very obvious industrial logic to put these two businesses together, to have one capital structure, to have one balance sheet, to be able to raise money for the broad swath of things that he's doing as one vehicle."
"I think it's an incredible company," says @chamath of $SPCX. "I really believe in Elon." https://t.co/LiK7oIIGYr pic.twitter.com/1BcXDhSyNu
— Squawk Box (@SquawkCNBC) July 14, 2026
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Palihapitiya said a Tesla deal would face unusual scrutiny because Musk has drawn repeated shareholder lawsuits. Asked what SpaceX might need to pay, he said a typical business might receive a 20% to 30% premium, but Tesla would likely require more "because of the volatility of Tesla and the number of shareholder lawsuits that may come up no matter what. I mean, if he eats a sandwich the wrong way, he unfortunately gets sued. So, it's probably a 50% premium."
No such deal has been announced, and any transaction between Musk-led companies would be subject to review by independent directors and regulators.
Palihapitiya also said SpaceX could unlock a large consumer wireless business through Starlink. SpaceX last year agreed to buy EchoStar Corp. spectrum licenses for about $17 billion, a deal meant to expand Starlink's direct-to-cell service.
"The spectrum he bought from Charlie Ergen, I think, is going to get lit up. This is just me speculating," Palihapitiya said.
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Rather than relying only on traditional phone makers or carriers, he said Musk could go straight to consumers and say, "I gave you internet access. I would like to give you an incredible new mobile phone service. It's integrated with all of these other services that you need. Would you like it? From AI to payments to how your car works, all of it."
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