DeFi Intel

SpaceX Filing Gives Elon Musk the Final Word on Tesla Merger He Says He’s Staying Out Of

SpaceX’s SEC filing says any Tesla merger would need approval from its special committee, board and controlling shareholder. Musk controls about 85% of SpaceX’s voting power and is that shareholder. Both companies formed special committees on October 20. Musk recused himself from talks but endorsed the deal publicly, which insiders said complicated independent negotiations.

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