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SpaceX and Tesla study a possible merger with special committees

TechnologyInternationalExpansión35 s readAI summary
Image: Expansión

SpaceX and Tesla have formed special committees to study a possible merger that would combine Elon Musk's two companies into an artificial intelligence-focused conglomerate with a potential value above three trillion dollars. Musk said he thinks it is "a good idea", but that shareholders must give their support and that the committees have not agreed on the terms of any transaction. SpaceX is valued at two trillion dollars and Tesla at almost 1.5 trillion.

In 35 seconds

  • SpaceX and Tesla created special committees to study a merger, according to Musk
  • Musk is not taking part in the talks because he is CEO of both companies
  • The combined entity would have a potential value above three trillion dollars
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

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