'Do I think it would be a good idea? Yes,' Musk said of a SpaceX-Tesla merger. Insiders say his comments could now delay the talks.
Business⏱ 1 min read · Source: The Next Web
⚡ Key Takeaways
- On the SpaceX webcast, he said the committees were set up at the request of shareholders and had not agreed any terms. A deal would need the backing of 50% of all Tesla shares…
- SpaceX approached Tesla in recent weeks, a person familiar with the matter said.
- Musk owns nearly a fifth of Tesla and just under half of SpaceX, according to Reuters.
The Next Web reports: Some of the people working on a possible SpaceX-Tesla merger worry that Elon Musk’s public comments could draw shareholder scrutiny and delay the process by several weeks, Reuters reported on Thursday. Milana Vinn of Reuters heard this from a person with direct knowledge of the talks.
Key Points
- On the SpaceX webcast, he said the committees were set up at the request of shareholders and had not agreed any terms. A deal would need the backing of 50% of all Tesla shares…
- SpaceX approached Tesla in recent weeks, a person familiar with the matter said.
- Musk owns nearly a fifth of Tesla and just under half of SpaceX, according to Reuters.
The Details
He also said a merger would be a good idea. Reuters’ source called that disclosure a “mess” for the process, because it could raise questions about how well Tesla shareholders’ interests are represented.
Read the Full Story
This is a short news brief prepared by our desk. For the complete report, including all quotes and context, read the original article at The Next Web.
Source: This article is based on reporting by The Next Web (Cristian Dina). Read the original article.
This story was compiled automatically by BSDC Cortex 7.0 from the cited source, then checked by automated fact, style and quality gates. No external AI service was used.
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