Telecommunications & Media
Gary Black says SpaceX may buy Tesla at $420 a share within weeks
Some investors have raised the possibility that SpaceX could acquire Tesla within weeks at $420 a share. Gary Black, known as a Tesla bull, said the Roadster event may have been aimed at creating a rationale for a merger. He said SpaceX could announce an all-stock deal and that closing could take a year. Market talk of a merger has increased, though the report says it is not based on financial distress.