EQUIPThe Verge · 3h ago
Tesla and SpaceX are discussing a possible merger, Musk says
Executive Brief
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Tesla and SpaceX have established special committees of independent directors to evaluate a potential merger between the two entities. The formal process follows specific requests from shareholders seeking to consolidate Elon Musk's primary industrial ventures.
- 01Special committees comprised of independent directors are reviewing the feasibility of a merger
- 02Elon Musk confirmed the formation of committees during the SpaceX third quarter earnings call
- 03Shareholder requests initiated the formal evaluation of the proposed corporate consolidation
- 04Specific committee members and proposed transaction terms have not yet been disclosed
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Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter's third quarter earnings call Tuesday. Musk, who serves as CEO of both companies, said the special committees were formed at the request of shareholders and consist of independent directors (though he did not name them). He also […]