Australian investors have thrown their support behind the potential mega-merger between Elon Musk’s SpaceX and Tesla, suggesting the combined company could attract more than $200 billion in forced buying from passive funds tracking the S & P 500 Index.
Musk said on SpaceX’s September quarter earnings call on Tuesday night (Wednesday AEDT) that the two conglomerates that he founded had formed special committees to discuss a $US3.5 trillion ($5 trillion) merger, which would be the biggest corporate tie-up ever.
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