SpaceDecryptabout 1 hour ago
SpaceX and Tesla Form Merger Committees
5 min read
Elon Musk announced Tuesday that SpaceX and Tesla formed special committees to study a merger worth roughly $3.5 trillion. The deal would combine AI chatbots, social networks, satellites, chips, and robots. It requires backing from 50% of Tesla shares, with the annual meeting set for December 3. Analysts estimate Tesla shares need to reach $550 to win the vote.
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