Elon Musk says Tesla-SpaceX merger being considered

Elon Musk has expressed his support for the idea of merging Tesla and SpaceX, two of his most prominent companies. During a financial analyst call on Tuesday, Musk stated that he believes a merger would be beneficial, though he acknowledged that such a move is not guaranteed and would require shareholder approval. Special committees within both companies have been formed to explore the possibility of a merger, but they have not yet reached an agreement on terms.

If the merger were to occur, it would be one of the largest in history, with Tesla valued at approximately $1.5 trillion and SpaceX valued at $2 trillion. SpaceX has recently expanded into cloud computing and has seen significant revenue growth in that sector, while Tesla's chip manufacturing partnership with SpaceX suggests a potential synergy between the two companies.

Musk, who is the CEO of both Tesla and SpaceX, described the situation as a "conflicted" position, emphasizing that the decision would ultimately rest with shareholders, who would need to approve the merger through a vote representing at least 50% of Tesla's shares.