BREAKING: $TSLA-SpaceX merger potentially dropping before Tesla's annual meeting (early Dec) — Barclays calling it.

Structure leak: SpaceX acquires $TSLA in all-stock. Tesla holders get ~0.7 SpaceX shares per $TSLA share + premium.

Musk would control 37% equity, 56% voting power in the combined entity.

This is either the most ambitious corporate consolidation in history or peak Elon timeline. Either way, watch $TSLA vol into December.