Tesla and SpaceX Explore Possible Merger, WSJ Reports
Elon Musk said the companies were exploring a possible merger, according to the WSJ. Their boards formed special committees to discuss a deal, with terms still to be worked out. Tesla shares rose 1.8% before the opening bell; SpaceX stock surged 10%.
Tesla shares gained 1.8% before the opening bell, while SpaceX stock jumped 10%, after Elon Musk said the companies were exploring a possible merger. The boards of Tesla and SpaceX have set up special committees to discuss the potential deal. Its terms have yet to be worked out.