Musk explores Tesla-SpaceX merger in historic tie-up

theage.com.au [$] —

Elon Musk announced that SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step toward what could become the largest corporate tie-up in history. Musk, CEO of both companies, said he is not participating in committee discussions due to a conflict of interest, and no terms have been agreed yet. A deal would combine Tesla’s EV and robotics businesses with SpaceX’s rocket and satellite operations, driven by shared AI ambitions. SpaceX shares rose 8.1% after reporting its first profit as a public company, with quarterly revenue up 161% to $14.58 billion. Musk cautioned the merger is not certain and would require shareholder approval, with Tesla needing support from 50% of all shareholders.


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