Tesla and SpaceX Discuss Merger That Could Create $3.5 Trillion Company
Photo: TokenPost
Elon Musk confirmed Tesla and SpaceX are discussing a possible merger that could put their combined valuation at about $3.5 trillion. Neither company has announced a final deal. Both companies have formed special committees to examine the proposal. Musk is excluded from those committees as a conflicted party. Any merger would require approval from a majority of Tesla shareholders. The $3.5 trillion figure refers to a prospective combined valuation; it does not describe a completed merger. The committees are still examining the proposal. Prediction-market odds on Oct. 25 showed different probabilities for an announcement depending on the deadline.
Source: TokenPost
