News Summary

• A SpaceX-Tesla merger would rank as the biggest corporate tie-up in history, far exceeding the $1.25 trillion union between SpaceX and xAI in February.
• Musk, the world’s richest man with a net worth of more than $900bn, said that a merger would need to clear the “high hurdle” of a 50 percent vote among Tesla shareholders.
• Shares of SpaceX, which went public in June in the largest Initial Public Offering (IPO) of all time, rose more than 8 percent in after-hours trading.