TLDR · BIG TECH & STARTUPS

TESLA AND SPACEX FORMED COMMITTEES TO DISCUSS POTENTIAL MERGER, ELON MUSK SAYS

links.tldrnewsletter.com6 min read

Summary from the TLDR newsletter

SpaceX and Tesla have formed special committees to discuss a potential merger. While Elon Musk thinks there's a lot of merit in combining the companies, the special committees have yet to reach an agreement, and there's no guarantee that they will. Musk is not on either committee. Shareholders will get to vote on the matter. A deal this large will attract regulatory scrutiny.