SpaceX-Tesla merger depends on Tesla shareholder approval

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SpaceX-Tesla merger depends on Tesla shareholder approval, according to Crypto Briefing. Share A potential merger between SpaceX and Tesla hinges on obtaining approval from Tesla’s shareholders, according to a recent Bloomberg report. Tesla is an automotive and solar company based in Palo Alto. SpaceX is a space company based in Hawthorne.

Both entities, led by Elon Musk, are considering a combination, but significant hurdles remain, including the need for a majority shareholder vote at Tesla. Musk, holding nearly 20% of Tesla shares, is excluded from the negotiation process due to a conflict of interest. This merger, if realized, would amalgamate the two companies into a $3.5 trillion entity, marking it as potentially the largest merger ever.