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Musk's Public Backing of $3.5T SpaceX-Tesla Merger Rattles Insiders, Threatens Weeks of Delay
marketbrief.nowElon Musk's public support for a potential $3.5 trillion merger between SpaceX and Tesla has reportedly caused concern among insiders, who fear it could delay negotiations by several weeks and lead to shareholder legal challenges. Tesla shares fell 3.7% in premarket trading after the company confirmed its special committee is exploring arrangements with SpaceX, including a merger.
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Key sources
- SOURCE@reuters“Elon Musk's public endorsement this week of a potential $3.5 trillion merger between SpaceX and Tesla has rattled some insiders involved in the discussions, who worry his comments could invite shareholder scrutiny and delay the process by several weeks”x.com
- SUPPORT@choblin29“SpaceX approached Tesla in recent weeks. The companies are considering a SpaceX takeover or a merger under a new holding company, potentially through an all-stock deal.”x.com
- SOURCE@firesidealpha“on the Tesla side, we will need a 50 percent vote of all shares, not just those who vote, but of all shareholders.”x.com
- SUPPORT@openoutcrier“$TSLA (-3.7% pre) Musk Tries to Lock In His Tesla-SpaceX $SPCX Dream Before Trump’s Exit”x.com
- SUPPORT@nypost“SpaceX jumps 10%, Tesla rises on stunning revenue surge and possible merger”x.com
- SUPPORT@rohanpaul_ai“SpaceX’s AI unit is now its largest business, with third-quarter revenue of $7.56B against $813M a year earlier, and more than $16.4B of its $19.6B quarterly capital spending went to AI.”x.com
- SUPPORT@openoutcrier“$TSLA (+1.4% pre) $SPCX SpaceX, Tesla Boards Study Possible $3.5 Trillion Merger”x.com
- SUPPORT@bowtiedbull“Elon Musk says SpaceX, $SPCX, and Tesla, $TSLA, have formed special committees to discuss a potential merger between the two companies.”x.com