Tesla-SpaceX merger talk grows as Musk’s control limits challenges
Why it matters: Texas law makes shareholder suits harder, raising the odds Musk could push through a deal between his two biggest companies.
The New York Times, Bloomberg
Subject
#Fidelity
Series: Elon Musk · Tesla Spacex Merger Speculation · 2 chapters since Jun 18
SpaceX jumps 19% after $75 billion IPO priced at $135 a share
What's new: The stock opened at $150, hit $176.52 and drew an unusually large retail allocation in the low 20% range.
Bloomberg, The New York Times +1