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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282 Articles
Elon Musk admits that SpaceX and Tesla are studying a possible merger that would bring together companies valued at about 3.5 billion dollars. The operation, still without agreement, would create one of the largest companies in the world and would be, to be realized, the largest ever corporate merger.
Independent director panels review potential transaction at shareholders’ request without billionaire’s direct involvement
The head of the American company SpaceX Elon Musk called the possibility of merging the company with the electric car manufacturer Tesla a good idea. He did so shortly after SpaceX announced that after more than a year of losses, it achieved a profit of 4.4 billion dollars (95 billion crowns) in the third quarter. Analysts expected a profit of 1.57 billion, wrote Reuters. A year ago, SpaceX recorded a loss of 1.1 billion dollars.
Musk supports the union of his companies and assures that he would have “many advantages”
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