SpaceX SEC Filing Confirms Elon Musk's Final Approval on Potential Tesla Merger

A SpaceX SEC filing states that any merger with Tesla requires approval from its controlling shareholder, Elon Musk, who controls roughly 85% of SpaceX's voting power. Although Musk recused himself from special committees, he publicly endorsed the deal, which insiders say complicated the independent negotiation process. Tesla shareholders must clear a 50%-of-all-outstanding-shares approval threshold, with a vote expected at or near Tesla’s December 3 annual meeting. Analysts estimate a combined entity could be worth around $3.5 trillion.