SpaceX and Tesla Have Formed Committees to Discuss Potential Merger, Musk Says
Elon Musk said the boards’ independent directors are weighing a deal that could unite two companies with overlapping work in AI, chips and robotics.
- 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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The Billings Gazette
The Daily Nonpareil - Council Bluffs, Iowa…Why would Musk merge SpaceX and Tesla?
Elon Musk believes a merger between Tesla and SpaceX is a good idea, publicly backing an idea that would create a company worth about $3.5 trillion.
Washington, Oct 24 (EFE).- The decision of SpaceX aerospace and electric car manufacturer Tesla to set up independent committees to study the possible merger of both businesses of tycoon Elon Musk indicates that the operation, which could lead to an industrial conglomerate focused on technologies of the 21st century, has stopped [...] SpaceX and Tesla entry take the first steps to unite AI, cars, chips, energy and space was first published in Ho…
Tesla-SpaceX merger could fuel AI spending spree across Musk’s $3.5 trillion empire
Elon Musk’s proposed $3.5 trillion (£2.6 trillion) merger of Tesla and SpaceX could unlock a wave of AI investment, giving the billionaire greater access to cash and borrowing power as he races to expand his tech empire. Analysts said combining the two businesses could help Musk fund his increasingly expensive AI ambitions, bringing together Tesla’s [...]
Elon Musk said this week that SpaceX and Tesla had appointed special committees to examine the merger of his two largest companies. Together, the company was valued at 3.5 billion dollars, or 425 billion króna. It would be the biggest corporate contract wall ever. What is SpaceX? Musk founded SpaceX in 2002 to reduce the cost of space travel and bring people to Mars...
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