Billionaire entrepreneur Elon Musk has confirmed that space exploration firm SpaceX and electric vehicle maker Tesla are actively exploring a potential merger. If finalized, the combination of the two companies would create an enterprise valued at approximately $3.5 trillion.
According to the companies' leadership, special committees have been established within both SpaceX and Tesla to evaluate the feasibility and structure of the massive consolidation. The announcement outlines early-stage explorations into what would become one of the largest corporate combinations in history.
