Elon Musk may be about to shorten his commute.
SpaceX and Tesla are pushing ahead with merger talks that could be announced around Tesla's annual shareholder meeting on 3 December, Bloomberg reported.
The rockets-to-AI giant, which floated in June, is valued at more than $1.9 trillion, against roughly $1.5 trillion for Tesla.
That makes the rocket maker the bigger of the two.
Loose ends
There is still plenty to sort out. Boards and advisers are still working through the deal terms and how a combined group would be run.
The open questions include how to ring-fence Tesla's China business and how many SpaceX shares Tesla investors would be offered.
If those drag on, any announcement could slip into early 2027.
Musk disclosed in October that both boards had set up special committees of independent directors to weigh a tie-up.
He has recused himself, calling himself "a conflicted party".
Any deal would need the backing of 50% of all Tesla shareholders, not just a majority of the votes cast.
Already joined at the hip
The two companies are already partners in Terafab, a planned chip factory in Texas.
SpaceX's filings describe it as a 100-million-square-foot joint venture with Tesla that has also brought in Intel, the US chipmaker.
The target is one gigawatt of space-based computing power by the end of 2027.
The stated long-term goal is one terawatt a year, a thousand times that. Modest, it is not.
Racing the clock
Politics adds urgency.
Democrats take control of Congress in January after their midterm wins and have said they will scrutinise Musk's business and political dealings.
The companies have aimed to close any deal before President Trump's term ends.
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