3 Hurdles Could Complicate a Tesla and SpaceX Merger, Says Ex-Tesla Director
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Former Tesla board member Steve Westly says valuation, regulatory approval, and Tesla’s China operations could complicate a Tesla and SpaceX merger of two companies each worth more than $1 trillion. Westly, founder and managing partner of The Westly Group, expects both boards’ special committees to move quickly toward a deal. Yet Tesla and SpaceX CEO Elon Musk says the committees have not agreed any terms. Who Prices a Tesla and SpaceX Merger When Musk Sits on Both Sides? Valuation tops the list Westly gave CNBC . It sets the exchange ratio, meaning how many SpaceX shares each Tesla share would fetch. Musk cannot join the independent directors’ talks as a conflicted party, he said on SpaceX’s third-quarter webcast .
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