Tesla and SpaceX are discussing a possible merger, Musk confirms
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Musk called the merger “a good idea,” though he cautioned it wasn’t a guarantee.
Key facts
A Tesla-SpaceX merger would be a blockbuster corporate deal creating a mega-entity valued upwards of $3.6 trillion
Earlier this month, Barclays published a client note suggesting a potential Tesla-SpaceX combination could be announced ahead of Tesla’s annual shareholder meeting scheduled for December 3, 2026
And particularly on the Tesla side, they will need a 50 percent vote of all shares, not those who vote, but of all shareholders
Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter’s third quarter earnings call Tuesday
Summary
Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter’s third quarter earnings call Tuesday. Musk, who serves as CEO of both companies, said the special committees were formed at the request of shareholders and consist of independent directors (though he did not name them). “Because I’m a conflicted party, I can’t be in the discussions of the special committees,” Musk said. The groups have not reached agreement on the terms of any transaction, and there’s no guarantee that they will.