SpaceX and Tesla merger
Bloomberg reported on November 13 that talks to merge SpaceX and Tesla have made progress. An announcement could come as early as December, though the two sides have also discussed delaying it until early 2027. The boards and advisers are finalizing the terms and governance structure.
SpaceX went public this June, with a market capitalization of about $1.9 trillion, while Tesla’s is about $1.57 trillion. Together, they would be worth more than $3.4 trillion.
Both companies also hold Bitcoin. Tesla disclosed that it holds 11,509 coins, while SpaceX’s listing documents state that it holds 18,712, for a combined total of 30,221 coins.
At today’s price of $68,760, that’s about $2.08 billion.
On November 12, Johnson, the incoming Texas attorney general, said a merger of this scale would face strict scrutiny, citing concerns about excessive concentration of corporate power.
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