Elon Musk stated that committees have been formed for the possible merger of Tesla and SpaceX.

Love Ceren Gökkoyun October 21, 2026 • Update: October 21, 2026 Following the conference held after Musk released the third-quarter earnings of Musk, which was reported by SpaceX, he answered the questions from analysts and investors. In response to questions about the news and expectations regarding the merger with Tesla, Musk said, "Both SpaceX and Tesla have formed special committees to discuss this idea at the request of the shareholders." Musk stated that he did not participate in the discussions of these committees, which consist of independent board members, due to a conflict of interest. "Assuming the merger will definitely happen is an exaggeration" Stating that no assumption should be made that the merger will be certain, Musk said, "I think some people assume that the merger of SpaceX and Tesla will definitely happen, I think this is an exaggerated expression. Do I think the merger is a good idea? Yes. But in the end, the shareholders need to support it." Musk explained that for the two companies to merge, 50% of all Tesla shareholders would need to play a role, which is a difficult threshold to overcome. Noting that the special committees have not yet reached an agreement on any terms, Musk said, "Frankly, there is no guarantee what they will come up with." Highlighting his belief that the merger of SpaceX and Tesla would create great value, Musk explained that they could gain much more than just cooperation in areas such as artificial intelligence, chip design, robotics, and in-orbit mass transportation. Musk concluded, "Therefore, I think it will be a good idea, but this is up to the special committees of both companies. They need to come up with something and then present it to the shareholders."