SpaceX says Tesla merger needs Musk's approval

economictimes.indiatimes.com —

SpaceX stated Thursday that any potential merger with Tesla would require approval from controlling investor Elon Musk, despite his recusal from talks due to conflicts of interest. Musk endorsed the idea Tuesday, calling it a good idea. Analysts view a Tesla-SpaceX merger as likely, though they disagree on shareholder compensation. Musk's public endorsement of the potential $3.5 trillion deal has rattled insiders, who fear his comments could invite scrutiny and delay the process by weeks. The special committee and board of directors will review any combination, with no determination made yet. Concerns persist about how well Tesla shareholders' interests would be represented in the discussions.


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