SpaceNYT Technologyabout 2 hours ago
Musk Says SpaceX and Tesla Explore Merger
2 min read
Elon Musk stated on Tuesday that SpaceX and Tesla formed special committees to explore a potential merger, citing merit in combining the firms for superintelligence software development. The deal requires 50 per cent shareholder approval rather than a simple majority. SpaceX shares rose 4.6 per cent while Tesla climbed 1.2 per cent in post-market trading following the announcement.
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