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Open original source ↗BREAKING: A Tesla–SpaceX merger could be announced before Tesla’s annual meeting in early December, per Barclays.
The most likely structure: SpaceX acquires Tesla in an all-stock deal, with Tesla shareholders getting about 0.7 SpaceX shares per Tesla share, plus a likely premium.
Barclays says Musk would own about 37% of the combined company, with roughly 56% of the voting power.