Business · 10 hours ago
£2 trillion SpaceX eyes Tesla merger
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Tesla is valued at roughly $1.5 trillion and SpaceX at $2 trillion, so a deal would be one of the biggest mergers ever. On Tuesday, Musk told analysts that special committees at both firms are studying it, though they haven't agreed any terms. Any deal would need approval from at least 50% of Tesla's shareholders, which Musk called "quite a high hurdle to achieve".
Reported by BBC · How we write briefs