SpaceX and Tesla form committees to review possible merger

Briefing by News4U · First published 2026-10-21 10:05:55 UTC

Elon Musk said a merger would be a good idea, but warned it is not certain and needs shareholder approval.

The boards of SpaceX and Tesla have each formed special committees of independent directors to review a possible merger, following shareholder requests, Musk said during SpaceX’s third-quarter earnings call. [1] [2] [3] [4] [5]

Musk, who is a conflicted party, cannot join the talks. He said the committees have not agreed on terms and that a deal would need at least 50% of all Tesla shares to pass. [1] [2] [3] [4]

SpaceX reported Q3 revenue of $14.58 billion, up 161%, with its AI segment generating $7.56 billion. Shares of SpaceX rose about 8-9% and Tesla shares rose about 1.5-1.8% after the comments. [2] [4] [5]

Sources

1. SpaceX and Tesla boards form special committees to review merger

   TechCrunch · 2026-10-20 22:57:57 UTC · Full text

2. Musk says SpaceX-Tesla merger a ‘good idea’ as AI revenue jumps ninefold

   Cointelegraph · 2026-10-21 01:19:14 UTC · Full text

3. Musk says SpaceX-Tesla merger 'good idea' as companies explore union

   DW English · 2026-10-21 05:53:00 UTC · Full text

4. Musk says SpaceX-Tesla merger 'a good idea'

   RTÉ Business · 2026-10-21 06:49:27 UTC · Excerpt

5. SpaceX and Tesla explore merger that would unite more than 30,000 bitcoin

   CoinDesk · 2026-10-21 09:23:00 UTC · Full text

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