SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
Elon Musk said the committees are weighing a deal that would need Tesla shareholder approval and could unite two companies valued at more than $3 trillion.
- 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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SpaceX jumps 10% and Tesla rises on stunning revenue surge, possible merger
Shares of SpaceX and Tesla soared Wednesday after Elon Musk’s rocket firm reported blowout revenue and a possible merger with his EV maker – sending other tech stocks and the Nasdaq higher.
Elon Musk Floats Merger That Would Form a $3.5T Tech Titan
Elon Musk just inched closer to rolling his biggest ventures into a single tech colossus. On a SpaceX learnings call Tuesday, Musk said Tesla and SpaceX have set up special committees of independent directors to study a possible merge, which he personally supports but says he's recused from negotiating, reports...
The electric car manufacturer Tesla and space company SpaceX are examining a merger.
Elon Musk Confirms Talks For Potential SpaceX-Tesla Merger
Elon Musk, the CEO of both Tesla Inc. and Space Exploration Technologies Corp. or SpaceX, has confirmed the discussion for potential merger of the electric vehicle major and the spaceflight company. During the third-quarter earnings call of SpaceX, a company he founded, Musk called it to be a good idea, adding that the companies have formed special committees to discuss the possible union.
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