SpaceX and Tesla are reported to be advancing merger negotiations that could lead to a major deal announced as soon as December. Bloomberg and other outlets cite people familiar with the matter saying the talks are progressing and that the companies could move toward what would be the largest merger ever.

The reporting frames the potential combination as an unprecedented corporate transaction, tied to Elon Musk’s two largest businesses. Electrek adds context on timing around Tesla’s planned annual shareholder meeting on December 3 and notes that the same directors who would approve the deal are up for re-election.

Across the coverage provided, the core point is consistent: negotiations appear to be moving faster than expected, with a possible December announcement. However, only one outlet in the set mentions a specific valuation figure, while others refer more generally to the prospect of a “biggest-ever” deal.