Musk confirms Tesla and SpaceX committees are examining a merger

Tesla and SpaceX are examining a merger after establishing special committees at shareholders’ request, Handelsblatt reported on October 21. Elon Musk disclosed the process during a call discussing SpaceX’s quarterly results. He said he was not participating in the committees because of potential conflicts of interest, a consequential distinction given his large shareholdings in both businesses.

Handelsblatt puts SpaceX’s market value above $1.9 trillion and Tesla’s around $1.48 trillion. Those figures describe the companies separately, not an agreed transaction price. Musk called a combination a good idea but cautioned against treating it as certain. He also said approval from at least half of all Tesla shareholders would be necessary.

The article connects the proposal to rockets, electric vehicles, robotaxis, humanoid robots and artificial intelligence. It also explains that Musk already controls SpaceX through shares carrying extra voting rights. Our view: the scale is extraordinary, but the central question is what shareholders receive in exchange for concentrating more businesses under the same control.

Source: Musk bestätigt: Tesla und SpaceX prüfen Zusammenschluss — Handelsblatt (German)