SpaceX, Tesla merger talks progress, Bloomberg News reports

Nov 12 - Reports indicate that talks between SpaceX and Tesla for a potential merger are moving forward, with a deal possibly being announced by December, according to Bloomberg News. The sources familiar with the situation suggest that the discussions could extend into early 2027 if necessary, the report added. Elon Musk, who leads both companies, has previously described the merger as a "good idea".

If successful, the proposed merger would consolidate Musk's various ventures - including AI, robotics, electric vehicles, and aerospace - under one corporate entity. Attempts to reach SpaceX and Tesla for comment on the report were unsuccessful.