{
  "id": 19747121,
  "title": "SpaceX, Tesla merger talks progress",
  "url": "https://urgent.news/2026/11/13/spacex-tesla-merger-talks-progress",
  "topic": "world",
  "section": "World",
  "published": "2026-11-13T02:15:25.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/11/1576644/spacex-tesla-merger-talks-progress"
  },
  "original_language": "en",
  "account": "SpaceX and Tesla are reportedly making progress in their merger negotiations, with a potential deal possibly announced as early as December, according to Bloomberg News. The proposed merger would combine Elon Musk's AI, robotics, electric vehicle, and aerospace ventures under one corporate entity. However, the merger faces significant regulatory challenges due to SpaceX's US defense contracts and Tesla's heavy reliance on China. In a recent earnings call, Musk expressed support for the merger, stating it would be a \"good idea\" and confirming that the companies had formed special committees of independent directors to explore the possibility of a union. As of the most recent market close, SpaceX's market capitalization stood at approximately US$1.90 trillion, while Tesla's value was around US$1.55 trillion. Both companies have also discussed the possibility of delaying the announcement into early 2027. Additionally, the two firms have a chip manufacturing joint venture, Terafab, which is expected to produce its first test chip in May or June of 2024 and aims to reach volume production by the third quarter of 2028, as Musk mentioned during the earnings call.",
  "summary": "NEW YORK: SpaceX and Tesla are progressing in their merger negotiations, and a deal could be announced as early as December, Bloomberg News reported on Thursday, citing people familiar with the matter.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}