Tech
Tesla and SpaceX are discussing a possible merger, Musk says
Publication: The Verge
Author: Andrew J. Hawkins
Source published: 20/10/2026, 21:30:24 UTC
Briefing created: 20/10/2026, 22:18:06 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 20/10/2026, 22:16:25 UTC.
Briefings
Elon Musk stated Tesla and SpaceX formed special committees to discuss a merger, with independent directors serving as members despite Musk's role as CEO. He clarified he is not involved in these discussions due to a conflict of interest, calling the process an 'odd kabuki dance.'
Key points
- Elon Musk confirmed Tesla and SpaceX established special committees to explore a merger.
- The committees consist of independent directors, though Musk did not name them.
Context
Musk, serving as CEO of both companies, initiated these committees at the request of shareholders during his third quarter earnings call.
Limitations
Musk explicitly stated he is not a member of the committees or involved in discussions, and he did not name the independent directors. The specific composition of the committees remains unverified.
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