Elon Musk says Tesla-SpaceX merger being considered
BBC News ● Covered by 2 sources
Elon Musk said a potential merger between Tesla and SpaceX is under active consideration, with special committees in both companies reviewing it. The companies are valued at about $1.5 trillion and $2 trillion respectively. It would require shareholder approval, including at least 50% of Tesla shareholders, and committees have not agreed on deal terms yet.
Why it matters
Musk says special committees within both companies have been formed to look at a possible mega-merger.