SpaceX-Tesla merger depends on Tesla shareholder approval
Photo: Crypto Briefing
A potential merger between SpaceX and Tesla hinges on obtaining approval from Tesla’s shareholders, according to a recent Bloomberg report. Both entities, led by Elon Musk, are considering a combination, but significant hurdles remain, including the need for a majority shareholder vote at Tesla. Musk, holding nearly 20% of Tesla shares, is excluded from the negotiation process due to a conflict of interest. This merger, if realized, would amalgamate the two companies into a $3.5 trillion entity, marking it as potentially the largest merger ever. However, it remains contingent on shareholder and regulatory approval.
Source: Crypto Briefing
