Where does the SpaceX and Tesla merger stand now?
Already happened: The boards of both companies have each formed special committees made up of independent directors, and Musk himself is not participating in the discussions.
Not yet happened: There are no terms, and Tesla’s latest proxy statement contains no merger proposal.
What’s the sticking point: The Tesla side needs approval from a majority of all outstanding shares. Musk himself has said that’s a fairly high bar.
SpaceX rose about 8% after hours, with better-than-expected earnings and merger speculation combining.
#SpaceX #Tesla $TSLA $SPCX
Already happened: The boards of both companies have each formed special committees made up of independent directors, and Musk himself is not participating in the discussions.
Not yet happened: There are no terms, and Tesla’s latest proxy statement contains no merger proposal.
What’s the sticking point: The Tesla side needs approval from a majority of all outstanding shares. Musk himself has said that’s a fairly high bar.
SpaceX rose about 8% after hours, with better-than-expected earnings and merger speculation combining.
#SpaceX #Tesla $TSLA $SPCX