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Add as a preferred source on GoogleInvestor Reduces Tesla and SpaceX Stakes
The investor was not identified, and the report gave no amount or timing for the reductions. Independent committees at both companies are evaluating a possible merger, but no formal terms have been announced.
An investor is reducing stakes in Tesla and SpaceX. The investor was not identified, and the size or timing of the reductions was not specified.
Independent committees at Tesla and SpaceX are evaluating a possible merger. The companies have not announced formal terms or said they have reached an agreement.
The companies’ committee review is the formal step disclosed so far. Any transaction would require shareholder support.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.