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Tech mogul says tie-up has a 'lot of merit', given firms' complementary work on AI.
Elon Musk says SpaceX and Tesla are exploring a possible merger, calling the tie-up a "good idea" with "a lot of merit." The companies have formed committees to discuss the possibility, according to Musk. A deal would combine his holdings in rockets, cars and artificial intelligence into a company that reports value at well over $3 trillion, potentially making it the largest corporate merger in history.
BBC News – Business Tech mogul says tie-up has a 'lot of merit', given firms' complementary work on AI.
Tech mogul says tie-up has a 'lot of merit', given firms' complementary work on AI.
Combining SpaceX and Tesla, whose stocks jumped after Musk said the companies are exploring a deal, would be the biggest corporate merger of all time.
NYTimes – Business The CEO and largest shareholder of both companies said a merger would be a “good idea” and that they had formed committees to discuss the possibility.
Musk confirmed the long standing speculation of a possible merger between Tesla and SpaceX but warned that it would be premature to assume it is happening for sure.
BBC News – Business Musk, who is CEO of both companies, says there is "a lot to be gained" from the merger, which would be the biggest in history.
Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company.
BBC News – Business Musk says special committees within both companies have been formed to look at a possible mega-merger.
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