SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
Musk said the companies are studying a deal, but Tesla shareholders would need to approve it and regulators are expected to scrutinize the merger.
- 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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29 Articles
A possible merger of the automaker Tesla and space company SpaceX has long been speculated. Now, Elon Musk, who leads both companies, announces a first step in this direction.
Musk Says SpaceX, Tesla Have Formed Committees to Explore Merger
Elon Musk said Tuesday SpaceX and Tesla have formed special committees to explore a potential merger. This is the first step toward what would be the largest mergers of all-time, bringing together Musk’s sprawling empire of electric cars, rocket launch, satellite and AI businesses. Tesla currently has a market cap of nearly $1.5 trillion while SpaceX is trading around $2 trillion. Musk, who
Committees—Not Musk—Are Discussing SpaceX-Tesla Merger
Addressing the big question on the minds of both SpaceX and Tesla shareholders, Elon Musk said he thinks combining the companies would be a good idea but he can’t be sure it will happen. “Both SpaceX and Tesla have formed special committees to discuss the idea at the request of shareholders,” Musk
Musk calls Tesla-SpaceX merger a 'good idea' as SpaceX posts first profit as a public company
Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 4.9 per cent in extended trading.The company earlier posted its first profit as a
Sydney Morning Herald
Elon Musk wants to merge Tesla and SpaceX to create a $5 trillion giant
Elon Musk says the companies are exploring a potential merger, a preliminary step toward what would rank as the largest corporate tie-up of all time.
Artificial intelligence company, satellites and rockets improve their revenue by 160% during the third quarter
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