SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
Musk said the companies formed independent committees and that any deal would need approval from 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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211 Articles
Kronen Zeitung
wiwo.deThe companies Tesla and SpaceX, led by tech billionaire Elon Musk, are examining a merger. The automaker and the space company have set up special committees for this at the request of shareholders, said Musk in a video conference. He is not part of it because of possible conflicts of interest.
The boards of the electric car manufacturer and the space company, both of which the controversial billionaire is a major owner of, are working on the possibility of merging the two companies into one of the world's most valuable.
Elon Musk's Tesla and SpaceX companies are considering a possible merger, the tech billionaire said Tuesday, adding that both companies have formed special committees to consider the possibility at the request of the company's shareholders.
The head of SpaceX and Tesla, the American businessman, Ilon Mask, announced that working groups would be formed to assess the possible merger of the two companies. SpaceX and Tesla had set up working groups to discuss this idea. <...> Do I think it's a good idea? Yes," said Mask during the presentation of SpaceX's third quarter financial report. In the view of the entrepreneur, the merger would bring many benefits. In particular, SpaceX and Tes…
SpaceX shares rose by almost five percent in extended trading, while Tesla shares rose by just over one percent.
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