According to Bloomberg, SpaceX and Tesla have established independent committees to formally explore a merger that would combine the two companies into a $3.5 trillion entity, with an announcement potentially coming in December. Bank of America analyst Alexander Perry estimates that in a stock deal with a 20% premium, Tesla shareholders would own approximately 47% of the combined company. Elon Musk, who controls over 80% of SpaceX's voting power, is expected to hold about 56% of the merged entity's voting power, according to Barclays estimates. Tesla's charter requires approval from a majority of all outstanding shares, counting abstentions as votes against the proposal.

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