SpaceFortuneabout 1 hour ago
SpaceX and Tesla Weigh Merger
8 min read
On October 20, Elon Musk revealed that SpaceX and Tesla are exploring a merger via special committees. Tesla stock rose 3.4% while SpaceX gained 7.8%, adding $155 billion in market cap. Analysts warn the deal requires SpaceX to issue 92% of its shares to cover a $1.98 trillion premium for Tesla.
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