The Guardian · SpaceX
Elon Musk raises Tesla–SpaceX merger ahead of earnings call
Tesla’s third-quarter earnings call on Wednesday follows Elon Musk’s suggestion of a merger with SpaceX. Musk said both boards had created special committees to consider combining the companies, although they had not agreed on transaction terms. Approval from 50% of all Tesla shareholders would be required for a deal.
Source published: Brief prepared:
What to know
- 01
Special committees established by both boards are examining the possible merger, with transaction terms still unresolved.
- 02
A deal would require approval from 50% of all Tesla shareholders.
Why it matters
With terms unresolved and shareholder approval required, this remains a proposal rather than a settled transaction.
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