Tesla and SpaceX discuss potential $3.5T merger, no formal deal yet
Photo: Crypto Briefing
Elon Musk has confirmed that Tesla and SpaceX are in discussions regarding a potential merger, which could result in a combined entity valued at approximately $3.5 trillion. This development follows the formation of special committees by both companies to explore the merger possibility, although no formal agreement has been reached yet. Currently, Musk is excluded from these committees due to being a conflicted party, and any merger would require majority approval from Tesla’s shareholders. Market responses have been evident, with odds for an official announcement by year-end decreasing over the past week.
Source: Crypto Briefing
