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SpaceX and Tesla Form Committees to Discuss Merger

Elon Musk said the companies formed special committees to discuss a merger, which he called “a good idea.” SpaceX shares rose 8% in extended trading.

SPCXTSLA

Elon Musk said on Tuesday that combining SpaceX NASDAQ:SPCX and Tesla NASDAQ:TSLA would be “a good idea.” He said the companies had formed special committees to discuss a merger. Shares of the space and technology company rose 8% in extended trading.