Here's a rule of thumb when you're pondering who would be a major beneficiary of any idea floated by Elon Musk about the future of his multiple companies: If you don't place Musk at the top of the list, you might want to reconsider your math. That issue arose, and not for the first time, when Musk in effect blessed the idea of merging Tesla and SpaceX, his two biggest public companies. That happened on Oct. 20 during a conference call with Wall Street investment analysts to discuss SpaceX's third-quarter financial results. Responding to the observation by a participant that there was "a lot of anticipation" of such a merger, Musk called the deal "a good idea" with "a lot of merit." Tesla shares gained about 3.4% the next day.
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