SpaceThe Next Webabout 2 hours ago
Musk Backing Rattles SpaceX-Tesla Merger Insiders
4 min read
Reuters reports that Elon Musk's public comments regarding a potential SpaceX-Tesla merger have worried insiders, potentially delaying the process by several weeks. Musk stated a merger is a good idea but requires 50% Tesla shareholder backing, a high hurdle. A deal could add over $110 billion to Musk's fortune and faces global regulatory scrutiny involving China and US defense.
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