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SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
Musk said the companies formed independent committees as shareholders weigh a deal that could unite their AI, robotics and connectivity businesses.
- 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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"We are practically faced with the uniqueness of superintelligence, and there is great potential for profit in collaboration for the development of superintelligence software," he added.
Elon Musk says SpaceX and Tesla have formed special committees to discuss merger idea
Tech billionaire Elon Musk said Tuesday that the boards of SpaceX and Tesla had separately formed special committees to discuss the idea of a merger, taking a small step toward the possible consolidation of his two biggest companies.
·New York, United States
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Total News Sources68
Leaning Left11Leaning Right12Center24Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 23%
C 51%
R 26%
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