Talks on Merger of SpaceX and Tesla; Announcement May Come in December

In depth

Elon Musk's two giant companies, Tesla and SpaceX, are advancing merger talks. The result would be a company with a combined value of $3.5 trillion.

The boards of directors of both companies are currently shaping the framework for control of the deal. The official announcement could come as early as December of this year, subject to shareholder approval.

SpaceX's defense contracts and Tesla's dependence on China could make it difficult to approve the deal. The parties are also discussing the possibility that the signing will take place only during 2027.