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SpaceX seen as a factor in Tesla privatization deal

Published 08/13/2018, 08:01 AM
© Reuters.  SpaceX seen as a factor in Tesla privatization deal
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  • Morgan Stanley (NYSE:MS) analyst Adam Jonas thinks SpaceX (SPACE) could play a "crucial" role in facilitating the financing of a Tesla (NASDAQ:TSLA) privatization deal done only through equity.
  • Jonas revisits his familiar stomping ground on a SpaceX-Tesla tie-up, noting the "increasingly compelling areas of industrial and strategic cooperation between the two in telecommunications/satellite broadband."
  • The analyst points to Musk's +$15B stake in SpaceX and his willingness to take on financial risk as two factors supporting an equity-only privatiziation deal.
  • The update from Jonas hasn't pushed him and MS off an Equal-weight rating on Tesla and a price target of $291.
  • TSLA +0.31% premarket to $356.60.
  • Now read: Tesla 2025 Bonds: One Year In


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