Why does Elon Musk want to merge Tesla and SpaceX?

Musk, who is CEO of both companies, says there is "a lot to be gained" from the merger, which would be the biggest in history.
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Explained in this story
Merger
The combination of two companies into one, often negotiated alongside an acquisition, where one company buys another.
Deals reshape industries and can affect prices, jobs and competition, so regulators often review them.
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