SpaceX-Tesla $3.5T Merger Talks Advance, Deal Announcement Possible as Early as December

Bloomberg reports special board committees at both companies are now negotiating structure, governance and share-exchange terms for what would be the largest corporate merger on record at a combined ~$3.5T, with SpaceX (worth over $1.9T post-June IPO) absorbing Tesla (~$1.5T). A December announcement is on the table or could slip to early 2027; ring-fencing Tesla's China business is cited as the main unresolved issue, and Tesla's Dec 3 shareholder meeting looms over director approvals.