Scrutiny Slows Approval

The most likely outcome is that the Texas attorney general’s office creates delay and disclosure risk but does not stop the transaction. Tesla and SpaceX are both deeply tied to Texas, and the state has leverage through corporate filings, consumer-protection authority, and public-records disputes, but a merger prohibition would face legal hurdles.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.