Title should say SPARC in all caps but HN converts it automatically.
> Billionaire investor Bill Ackman on Saturday proposed merging SpaceX with Pershing Square SPARC Holdings, a special purpose acquisition rights vehicle created by his firm, Pershing Square Capital Management, that would give Tesla Inc. (NASDAQ:TSLA) shareholders priority access to invest in SpaceX
Why would Tesla shareholders be prioritized? SpaceX is a different company.
SilverElfin•1mo ago
That’s what I was wondering too. It feels like corruption to mix the interests of two companies that are supposed to be totally independent. Apparently SpaceX has been buying up the unsold cybertruck inventory too.
SilverElfin•1mo ago
> Billionaire investor Bill Ackman on Saturday proposed merging SpaceX with Pershing Square SPARC Holdings, a special purpose acquisition rights vehicle created by his firm, Pershing Square Capital Management, that would give Tesla Inc. (NASDAQ:TSLA) shareholders priority access to invest in SpaceX
See https://xcancel.com/BillAckman/status/2002484983123136990 for the actual proposal