Musk proposes retail-investor share system, hints at Tesla-SpaceX merger path

Elon Musk is reportedly introducing a mechanism enabling small investors to hold shares in his private ventures, which analysts say could facilitate a future Tesla-SpaceX merger and simplify capital structure. The move signals a shift in Musk's approach to retail capital access, though details remain unconfirmed. If realized, it could materially alter Tesla's equity story and cross-holdings.