Musk's approval needed for SpaceX-Tesla merger talks

nypost.com —

SpaceX said Thursday its potential merger with Tesla will require controlling investor Elon Musk’s approval, despite his recusal from talks due to conflicts of interest, according to a regulatory filing. The filing stated any combination needs approval from SpaceX’s special committee, board, and controlling shareholder. Musk’s public endorsement of the potential $3.5 trillion deal has worried insiders, who fear shareholder scrutiny could delay the process by weeks. Analysts see a merger as likely, giving Musk control of a combined entity. The deal could simplify decision-making and capital allocation amid AI pushes, though Tesla’s China ties and SpaceX’s military contracts add complexity.


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