Key facts
- Bloomberg News reported that a SpaceX and Tesla merger deal could be announced as early as December.
- The report cited people familiar with the matter and gave no deal terms or valuation.
- Neither SpaceX nor Tesla confirmed the negotiations in the report.
SpaceX and Tesla are progressing in merger negotiations and a deal could be announced as early as December, Bloomberg News reported on November 12, citing people familiar with the matter.
The report, carried by Reuters, gave no financial terms, no valuation for either company and no structure for a transaction. It said only that talks were advancing and that an announcement could come as early as December.
Neither company confirmed the negotiations in the account, and no filing or statement from SpaceX or Tesla was cited. The report rests on unnamed people described as familiar with the matter.