Texas Attorney General-elect vows to scrutinize Tesla-SpaceX merger

November 13 — Texas Attorney General-elect Nathan Johnson has vowed to scrutinize any potential merger between Elon Musk's SpaceX (SPCX.O) and Tesla (TSLA.O). As the state's two most valuable companies contemplate a merger, he warned of the dangers of excessive corporate concentration. "Any merger of companies of this magnitude warrants extremely rigorous scrutiny," Johnson said in an interview on Thursday local time. The world's richest person, Musk, has concentrated a significant portion of his business empire in Texas, seeking a more friendly regulatory environment under Republican governance.

During the midterm elections, he also spent hundreds of millions of dollars supporting Republicans in Texas and across the United States. Texas Democrats, including Johnson, Governor-elect Inojosa, and Senator-elect Talarico, have vowed to limit his power. "I believe that because he aligned himself with the Republican Party and invested heavily, he has received enormous preferential treatment," Johnson said. "I have no reservations about scrutinizing his relationship with the state."