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SpaceX and Tesla Form Merger Committees
Elon Musk announced a potential Tesla and SpaceX merger on Tuesday, causing shares to rise 8%. The combined companies are worth around $3.5 trillion. SpaceX Q3 revenue reached $14.58 billion, up 161 percent year over year. Merger requires 50 percent of all outstanding shares. Tesla 2025 board declassification attempt failed with 39.4 percent support.
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