SpaceX and Tesla merger talks progress, with a deal possible as soon as December, Bloomberg reports
SpaceX and Tesla are progressing in negotiations on a merger that would be the largest deal ever, and an announcement could come as soon as December, Bloomberg News reported Thursday, citing people familiar with the matter. Boards and advisers are working through price and control, including how many SpaceX shares Tesla investors would receive, and the companies have also discussed the announcement slipping into early 2027. SpaceX, which absorbed xAI earlier this year, is valued near $1.9 trillion after its June IPO and Tesla around $1.5 trillion; how to ring-fence Tesla's China business is among the main obstacles. Neither company commented, and Tesla shares rose as much as 1.9%.
Source: Bloomberg