GoKawiilElon Musk says SpaceX and Tesla form committees to weigh potential merger
Elon Musk disclosed during SpaceX's Q3 2026 earnings call that both companies have set up special committees of independent directors to explore a possible merger, at shareholders' request. Musk, who leads both firms, said he and his brother Kimbal are excluded from the discussions as conflicted parties, and cautioned that no deal is guaranteed.
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Musk controls roughly 82 percent of SpaceX's voting power, making his approval decisive there, while Tesla would need a majority vote from all shareholders, a far higher bar that leaves the outcome genuinely uncertain. A combined company could, according to Musk, pool resources on AI, chip design and robotics, and analysts cited by the BBC suggest it could also expand Musk's control beyond what he currently holds at Tesla alone.
- SpaceX and Tesla have each formed independent director committees to study a potential merger.
- Musk is barred from the talks as a conflicted party; Tesla needs majority approval from all shareholders, not just voters.
- Musk cites potential gains in AI, chip design and robotics as rationale for combining the companies.
Source: engadget.com — Mariella Moon, 2026-10-21
Published there as: “SpaceX and Tesla are exploring a possible merger”
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