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Musk Reveals: Tesla and SpaceX May Merge in a $3.5 Trillion Mega-Deal

Speaking on SpaceX's earnings call, Musk confirmed that SpaceX and Tesla have each formed special committees made up of independent directors and are formally exploring a merger; the two companies have a combined market value on the order of $3.5 trillion. He identified five areas of synergy after a merger: superintelligent software, chip design, Terafab (hyper-manufacturing), robotics, and Starlink connectivity. The deal still faces obstacles including a shareholder vote (Tesla would need support from about 50% of its outstanding shares) and antitrust review, and Musk cannot take part in the committees' discussions because of a conflict of interest.

Part of the event: SpaceX and Tesla Form Special Committee to Study Merger

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