It is reported that merger negotiations between SpaceX and Tesla are making progress and an announcement could come as early as December

Odaily reported that, according to foreign media citing people familiar with the matter, merger negotiations between SpaceX (SPCX.O) and Tesla (TSLA.O) are making progress, with the boards of directors and advisors of both sides consulting on issues such as the terms of the transaction and the governance structure after the merger. The two companies may announce the merger as early as December, but they have also discussed the possibility of delaying the announcement until early 2027.

If realized, the merger would become one of the largest transactions in history, integrating electric vehicles, energy storage batteries, rocket, and satellite businesses. The negotiations still face multiple obstacles, including how to isolate some of Tesla's overseas operations and the national security issues involved in SpaceX's contracts with the U.S. Department of Defense. The boards of both companies have previously established independent special committees of directors to study the merger.