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SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
Elon Musk said the boards formed independent committees as the companies weigh a deal that would need approval from 50% of Tesla shareholders.
- Elon Musk announced that Tesla and SpaceX have formed "special committees of independent directors" to explore a potential merger, though he cannot participate due to conflicts of interest.
- SpaceX and Tesla have increasingly collaborated on chips, robotics, and connectivity, prompting the current exploration of a formal combination between the two companies.
- A combination would be massive, with SpaceX valued at more than $2 trillion and Tesla at nearly $1.5 trillion; Musk noted clearing the required 50% shareholder approval would be "quite a high hurdle."
- Tech analyst Gene Munster of Deepwater Asset Management believes there is a 95% chance a deal occurs in the next two years, saying "Believe me, shareholders would support this."
- Barclays previously suggested a potential combination could be announced ahead of Tesla's annual shareholder meeting on December 3, 2026, though Musk emphasized the committees have not reached agreement on terms.
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Elon Musk is open to a merger between his companies Tesla and SpaceX. The CEO said this on Tuesday during a webcast in which aerospace and AI company SpaceX reported a quarterly profit for the first time since its IPO.
·Kobbegem, Belgium
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Total News Sources111
Leaning Left18Leaning Right18Center29Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 28%
C 44%
R 28%
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