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Will Musk’s Space x and Tesla eventually merge?
Musk exercised his options early this time—an operation that’s quite unusual.
These options were originally set to expire in 2028.
Normally, he would wait a few years until the stock price is higher before exercising,
so the number of shares he’d need to pay the $7 billion exercise cost would decrease,
meaning he would end up with more shares.
But he chose to exercise now, which directly caused his Tesla shareholding and voting power to surge to 19.9%.