SpaceX Filing Puts Musk’s Approval at Center of Any Tesla Merger
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SpaceX’s latest 10-Q says a combination with Tesla would require its controlling shareholder’s approval, despite Musk saying he is staying out of the matter.
SpaceX’s latest quarterly filing makes approval from its controlling shareholder a condition for any combination with Tesla, according to Decrypt.
That requirement gives Elon Musk a decisive role in authorizing such a transaction, even as he says he is staying out of the matter.
The disclosure outlines an approval requirement rather than announcing a merger. The information cited does not establish that a deal is underway.
Source: Decrypt
