But they (SpaceX) could have backed out of the deal at any given time as they had the option to (and be required to pay the 10B break up fee). Nobody knew what would happen at the time.

This announcement is a definitive agreement of the acquisition at that $60B valuation.

▲

tptacek 6 hours ago | parent | next [-]

Sure, not saying there's no news hook here.

▲

Sammi 6 hours ago | parent | prev [-]

Yes, that's what was said basically. The pedantry is not adding anything to the conversation.

	▲	rvz 5 hours ago \| parent [-]
		I don't think you can even say that without reading the actual announcement. [0] Was the acquisition "effectively announced months ago"? or was it the right to acquire the company or pay $10 billion that was announced months ago? It would be equally relevant if it went the other way. But clearly both of you are confused on what was said they would do in the future (which that was the announcement months ago) vs what are doing today. [0] https://www.reuters.com/technology/spacex-says-it-has-option...