Elon Musk says Tesla-SpaceX merger being considered

Elon Musk has expressed his support for merging Tesla and SpaceX, two of his most prominent companies, which is currently being actively examined. During a call with financial analysts discussing SpaceX's quarterly business results, Musk stated, "Do I think it would be a good idea? Yes." However, he clarified that the merger is not guaranteed and would require the approval of Tesla's shareholders, as a minimum of 50% would need to agree.

Musk noted that special committees within both companies have been formed to evaluate the potential merger, but they have not yet reached an agreement on the terms. He emphasized that there are significant benefits to combining the two companies, given their focus on areas such as chips, artificial intelligence, and software. With Tesla valued at approximately $1.5 trillion and SpaceX at $2 trillion, the merger would be one of the largest in history.

While Musk is not a member of the committees reviewing the merger, he described himself as a "conflicted party" due to his role as the chief executive of both companies. He likened the process of discussing a possible merger to "tap dancing through a minefield." Ultimately, the decision on the merger would lie with the shareholders.