SpaceX and Tesla merger talks make progress, announcement possible as early as December.

BlockBeats news, November 13 — According to Bloomberg citing people familiar with the matter, merger talks between SpaceX (SPCX.O) and Tesla (TSLA.O) are making progress, with both companies' boards and advisors negotiating transaction terms and post-merger governance structure.

The two companies could announce the merger as early as December, but 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, rockets, and satellite businesses.

Negotiations still face multiple obstacles, including how to isolate some of Tesla's overseas operations and national security issues related to SpaceX's contracts with the U.S. Department of Defense. Both companies' boards have previously established independent director special committees to study the merger.