Congress won't vote on Tesla-SpaceX merger plans

Filings from Tesla and SpaceX indicate that any potential merger between the two companies would bypass Congress and instead rely on approvals from special committees, boards of directors, and controlling shareholder Elon Musk. Analyst estimates suggest a deal faces a challenging voting threshold among Tesla shareholders and a tougher regulatory roadmap as Democrats prepare to take control of congressional committees with subpoena power. Open article →