Tesla and SpaceX Merger Uncertain as Wall Street Expects Deal
Elon Musk says a Tesla and SpaceX merger is not certain due to governance hurdles and shareholder votes. Wall Street analysts expect a deal by late next year.
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Tesla and SpaceX could merge as early as late next year, though Elon Musk cautioned that independent committees and a shareholder vote pose high hurdles. Wall Street views a combination as inevitable, driven by shared artificial intelligence and infrastructure initiatives. Shares of SpaceX rose 8.4% in premarket trading, while Tesla gained 1.5%.
