Potential megadeal: Musk confirms: Tesla and SpaceX are examining merger
Speculation has been going on for a long time about a possible merger between car manufacturer Tesla and space company SpaceX. Now Elon Musk, who runs both companies, has announced a first step in this direction.
Tesla and SpaceX, companies led by tech billionaire Elon Musk, are exploring a potential merger. Musk stated that special committees have been formed to examine the possibility, but he is not part of them due to potential conflicts of interest. Musk is a major shareholder in both companies, which are valued at $1.48 trillion and $1.9 trillion respectively. He believes a merger would be a good idea, but noted that it would require approval from at least 50% of Tesla's shareholders.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
