This article first appeared on GuruFocus. Tesla Inc. (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX), Elon Musk's two largest companies, are progressing in merger talks, Bloomberg reported. An announcement could come as soon as December, though the companies have also discussed it slipping into early 2027, according to people familiar with the matter. Neither company immediately responded to requests for comment. Tesla shares were up 0.61% and SpaceX 0.49% in premarket. Warning! GuruFocus has detected 3 Warning Sign with SPCX. Is SPCX fairly valued? Test your thesis with our free DCF calculator. Musk said in October that both boards had formed special committees of independent directors to consider a combination.
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