GoKawiilTesla, SpaceX form committees to weigh merger, Musk says no deal is certain
Elon Musk confirmed on SpaceX's Q3 earnings call that both companies have set up independent committees to explore merging, but said terms haven't been agreed and a deal isn't guaranteed. Musk said he is recusing himself from the talks due to his dual leadership role, and noted any agreement would require shareholder approval. The move follows SpaceX's earlier absorption of xAI in February and ongoing joint work with Tesla on the Terafab chip project.