SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
- 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 has confirmed for the first time that SpaceX and Tesla are in formal talks about a possible merger. The billionaire said a merger between the space and car companies would be a “good idea,” but the decision would be up to special committees of independent directors. “I think it would be a good idea, but it really depends on the special committees of both companies,” Musk said on a call with investors. He said he was not allowed to part…
Elon Musk’s SpaceX reports a profit and he hints at a possible merger with Tesla - Boston News, Weather, Sports
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Tesla and SpaceX Just Formed Special Committees to Weigh a Merger
Elon Musk confirmed on SpaceX's earnings call that both companies formed special committees to explore a deal he cannot personally join. What shareholders decide next could reshape a combined company worth over three trillion dollars.
“I think combining companies has many merits, as we are practically in the uniqueness of superintelligence,” the entrepreneur said.
Musk steps back as SpaceX and Tesla explore potentially historic deal
Elon Musk has spent years building companies that appear to belong to different industries. Now, as artificial intelligence begins to reshape the economics of his business empire, the world’s richest… The post Musk steps back as SpaceX and Tesla explore potentially historic deal appeared first on London Business News
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