Tesla-SpaceX merger talks face scrutiny as Musk presses $3.5T deal
What's new: Both companies formed special committees, but investors and advisers expect governance fights and shareholder hurdles.
Elon Musk’s push to combine Tesla and SpaceX is drawing fresh scrutiny as the companies weigh what could become the largest corporate deal on record, valued by some analysts at about $3.5 trillion. Musk has publicly backed a tie-up, and both companies have set up special committees to study it. People familiar with the talks told The Business Times the process is still early and could involve an all-stock merger, a SpaceX takeover of Tesla or a new holding company. Investors are focused on conflicts of interest because Musk leads both businesses and owns major stakes in each. Tesla shareholders would have to approve any deal, a higher bar than at SpaceX, where Musk holds outsized voting control.