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Elon Musk says Tesla-SpaceX merger would be a 'good idea'

Elon Musk says Tesla-SpaceX merger would be a 'good idea'

Also reported by Ars Technica

Summary

Elon Musk said he thinks merging his two companies, Tesla and SpaceX, would be a good idea. Both companies have special committees looking into the possibility, but no final decision has been made yet.

Key Facts

  • Elon Musk is considering merging Tesla and SpaceX.
  • He described the merger as a good idea during a call with financial analysts.
  • Both companies have formed special committees to review the idea.
  • The committees have not yet agreed on any terms for a merger.
  • Any merger would require approval from the companies’ shareholders.
  • Musk emphasized that a merger is possible but not certain.
  • The discussion happened during an update on SpaceX’s quarterly business results.
  • More details about the merger consideration will be shared as they become available.
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