Elon Musk says Tesla-SpaceX merger would be a 'good idea'
Musk says special committees within both companies have been formed to consider a possible mega-merger.
During a call with financial analysts, Elon Musk expressed his support for a potential merger between Tesla and SpaceX, two of his most prominent ventures. While Musk acknowledged that a merger is not guaranteed, he noted that special committees within both companies have already begun deliberations. Musk emphasized that the merger would be subject to approval from shareholders, with at least 50% of Tesla's shareholders required to back the deal.
Musk himself is excluded from the committees due to his dual role as CEO of both companies, describing the situation as akin to navigating a minefield. Regardless, Musk believes there are significant advantages to merging the two companies, which currently have valuations of roughly $1.5 trillion and $2 trillion, respectively.
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