Musk Says Tesla Needs 50% of All Shares to Approve SpaceX Deal
Photo: TokenPost
A reported timetable for a possible SpaceX-Tesla combination pairs an announcement target in the first half of 2027 with a goal of closing during President Donald Trump’s administration, while the companies’ committees have yet to agree on terms. At SpaceX’s Oct. 20 earnings webcast, Elon Musk, CEO of SpaceX and Tesla, said both companies had formed committees of independent directors at shareholders’ request. “At this point, the special committees have not reached agreement on the terms of any transaction,” Musk said. He added that a deal was not guaranteed.
Source: TokenPost
