Billionaire, on SpaceX earnings call, says ‘special committees’ exploring idea but no agreement reached yet As SpaceX released its second-ever public earnings report Tuesday, Elon Musk declared his support for combining the aerospace and AI company with his electric vehicle company, Tesla. He said both companies had created special committees to explore a potential merger, but have not reached any agreement on terms of a transaction. “Both SpaceX and Tesla have formed special committees to discuss this idea at the request of shareholders and these special committees are, uh, consist of independent directors,” Musk said on the call. “Because I’m a conflicted party, I can’t actually be in the discussions of the special committees.” Continue reading...
Elon Musk says SpaceX and Tesla exploring largest merger in history
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Earlier reports and follow-ups on the same developing story.
- Tesla and SpaceX are discussing a possible merger, Musk says
- Merging SpaceX and Tesla would be a "good idea," Musk says
- SpaceX and Tesla boards form special committees to review merger
- Elon Musk says Tesla-SpaceX merger being considered
- Musk confirms SpaceX and Tesla exploring merger
- Why does Elon Musk want to merge Tesla and SpaceX?
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