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.
390 Articles
390 Articles
The electric car manufacturer Tesla and space company SpaceX are examining a merger.
Elon Musk Confirms Talks For Potential SpaceX-Tesla Merger
Elon Musk, the CEO of both Tesla Inc. and Space Exploration Technologies Corp. or SpaceX, has confirmed the discussion for potential merger of the electric vehicle major and the spaceflight company. During the third-quarter earnings call of SpaceX, a company he founded, Musk called it to be a good idea, adding that the companies have formed special committees to discuss the possible union.
SpaceX and Tesla Form Merger Exploration Committee That Excludes Elon Musk
Key PointsA combined Tesla/SpaceX could develop AI models, train them on its own infrastructure, and deploy them through its vehicles and robots.The two companies already work together, including a project to make Tesla's upcoming second-generation Roadster fly.A merger could allow the businesses to coordinate research and investments under a single corporate structure.These 10 stocks could mint the next wave of millionaires › The possible marri…
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
NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications and artificial intelligence businesses boomed. The company, run...
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.
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