Musk Says Tesla and SpaceX Committees Are Weighing a Merger
Elon Musk said special committees at Tesla and SpaceX are discussing a possible combination, though no deal is guaranteed. Shares rose after hours.
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what happened
Speaking to analysts after SpaceX's quarterly earnings, Elon Musk gave more detail on a possible merger between SpaceX and Tesla. He said both companies have set up special committees to examine the idea, and that he sits on neither one.
The committees have not reached agreement, and Musk acknowledged there is no assurance they will. "I do think there is a lot of merit in combining the companies," he said. Any merger would go to a shareholder vote. According to the Wall Street Journal, SpaceX's market value was recently about $2 trillion, while Tesla's was roughly $1.45 trillion. Tesla reports earnings tomorrow.
In after-hours trading, Tesla shares rose 1.5% and SpaceX gained 5%, according to Market Talk.
why it matters
A combination of two of the largest companies under Musk's control would be a notable event for the sector and could reshape how investors value both businesses. Until the committees report back, the market will be watching for details and for Tesla's results.
market impact
Tesla and SpaceX: a possible merger affects valuations of both companies and investor interest in their shares
tags
instruments
sources
- Musk: Tesla, SpaceX Discussing Potential Merger — WSJ, 20 October 2026 at 21:37 UTC
- Tesla, SpaceX Committees Exploring Merger, Musk Says — Market Talk, 20 October 2026 at 21:58 UTC
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