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Musk Proposes Tesla and SpaceX Merger

Elon Musk announced that Tesla and SpaceX formed committees to discuss a potential merger creating a 3.5 trillion dollar company. Meanwhile Asian markets advanced while oil prices climbed on Middle East supply concerns.

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Chart of German share price DAX (Deutscher Aktienindex) at the stock exchange in Frankfurt, Germany, October 20, 2026. REUTERS/Staff

TESLA INC may combine with SpaceX in a multi-trillion-dollar merger, sending shares up 8% in extended trading on Tuesday.
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