Bloomberg Law
• Jordan Fitzgerald, Lu Wang
After SpaceX was denied a swift path into the S&P 500, Elon Musk has proposed merging it with Tesla, an existing index heavyweight. The move could give SpaceX indirect access to the benchmark through Tesla, but the articles provide no details on deal terms, timing or how investors and regulators might respond.
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After SpaceX was denied a swift path into the S&P 500, Elon Musk has proposed merging it with Tesla, an existing index heavyweight. The move could give SpaceX indirect access to the benchmark through Tesla, but the articles provide no details on deal terms, timing or how investors and regulators might respond.
A wave of high-profile dealmaking involving SpaceX, Tesla and Anthropic is testing the boundaries of corporate finance, with the personalities behind the companies playing a role as prominent as the scale of the transactions. The available reporting does not specify deal terms or financing structures.
ERA Partners has acquired a majority stake in Grant Aviation, whose fleet includes the Cessna 208B Grand Caravan. The reported ownership change puts a regional aviation operator under new majority ownership; the available reports do not specify the transaction’s value or its implications for Grant’s fleet or operations.
Nathan Johnson said he would closely examine a possible tie-up between Tesla and SpaceX, warning about corporate concentration. The companies, both among Texas’ most valuable, are weighing a merger; Johnson’s comments signal that state-level antitrust review could become a factor in any transaction.
Serco has agreed to buy QinetiQ’s U.S. business for $292 million, adding expertise and customers to its U.S. operations. The deal expands Serco’s military space business and is expected to position the company to generate about $2.4 billion in revenue from U.S. operations.
OHB SE reiterated its opposition to the proposed merger of the space divisions of Airbus, Leonardo and Thales, arguing that it poses an anti-competitive threat. The satellite and rocket hardware provider said it is confident EU regulators will give its concerns a fair hearing.
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