Merger negotiations between Elon Musk's Tesla and SpaceX are progressing, with a deal potentially reachable as early as December — a transaction expected to become the largest M&A case in history. Boards of directors and advisors from both sides are discussing merger terms and the governance structure of the combined entity, sharing a vision to fully leverage artificial intelligence technology. Following the news, Tesla's stock briefly surged, reversing from a decline of about 0.3% to a gain of roughly 1.3%, approaching its intraday high from earlier in the U.S. trading session; SpaceX trimmed its gains, with its increase at one point falling below 0.2%.
