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Business · 1 day ago

Musk's SpaceX And Tesla Edge Closer To $3.4tn Merger

Musk's SpaceX And Tesla Edge Closer To $3.4tn Merger

Steve Jurvetson, CC BY 2.0, via Flickr/Wikimedia Commons

Elon Musk's two biggest businesses are moving closer to combining in what would be the largest corporate deal ever recorded. Bloomberg reports SpaceX and Tesla, worth about $3.4 trillion together, could unveil a merger as soon as December. Boards are haggling over how many SpaceX shares Tesla investors would get, while Tesla's Chinese factories and SpaceX's defence contracts pose serious regulatory headaches for both sides.

Reported by RTÉ News · How we write briefs

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