Tesla, SpaceX form committees to explore $3.6T merger
Photo: Crypto Briefing
Tesla and SpaceX have formed special committees to evaluate a possible merger, as reported by the Financial Times. The potential merger, if it occurs, could result in a conglomerate valued at approximately $3.6 trillion. The committees were established following shareholder requests, and Elon Musk, who leads both companies, has been excluded from the process due to conflict of interest concerns. This development marks a formal step in exploring a merger, though no transaction terms have yet been agreed upon. Watch for any official announcements from Tesla or SpaceX regarding merger terms or definitive agreements.
Source: Crypto Briefing
