SpaceX and Tesla merger talks progress, announcement could come as early as December

According to foreign media citing informed sources, merger talks between SpaceX (SPCX.US) and Tesla (TSLA.US) are making progress. The boards of directors and advisors of both parties are negotiating transaction terms and post-merger governance structure. The two companies could announce the merger as early as December, but have also discussed the possibility of postponing the announcement until early 2027. If realized, this merger would become one of the largest deals in history, integrating electric vehicles, energy storage batteries, rockets, and satellite businesses. The negotiations still face several obstacles, including how to separate some of Tesla's overseas operations, as well as national security concerns related to SpaceX and U.S. defense contracts. The boards of both companies have previously formed special committees of independent directors to study the merger.