SpaceX and Tesla Might Announce a Merger
Bloomberg says SpaceX and Tesla could announce a merger in December. A merger means two companies become one.
The deal would be the biggest in history, Bloomberg says. The new company would make these products:
Electric cars
Energy storage
Rockets
Satellites
The boards of both companies and their advisers are agreeing on the terms. They are also agreeing on how to run the new company.
Bloomberg's sources say the companies are talking about a delay until early 2027.
SpaceX sold shares in June. After that, it was worth more than $1.9 trillion. Tesla will hold its yearly shareholder meeting on December 3.
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