{"id":7192,"date":"2026-10-21T02:37:55","date_gmt":"2026-10-21T02:37:55","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=7192"},"modified":"2026-10-21T02:37:55","modified_gmt":"2026-10-21T02:37:55","slug":"musk-says-tesla-and-spacex-merger-is-a-good-idea-as-committees-form","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=7192","title":{"rendered":"Musk says Tesla and SpaceX merger is a good idea as committees form"},"content":{"rendered":"
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FOX Business correspondent Connor Hansen has the latest on SpaceX CEO Elon Musk promising every child in America one share of his company on ‘The Claman Countdown.’<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Elon Musk said Tuesday that merging his two companies, Tesla and SpaceX, would be “a good idea,” revealing that both companies have formed special committees of independent directors to explore a potential deal.<\/p>\n
Musk, who leads both companies, has previously entertained the idea of combining the businesses, pointing to growing overlap between them.<\/p>\n
Following SpaceX’s quarterly earnings report and Musk’s comments during a conference call with investors Tuesday, shares of SpaceX jumped as much as 8% in extended trading.<\/p>\n
“I think it would be a good idea, but it’s really up to the special committees of both companies,” Musk said. “Because I’m a conflicted party, I can’t actually be in the discussions of the special committees.”<\/p>\n
ELON MUSK PLEDGES TO GIVE EVERY CHILD IN AMERICA A SPACEX SHARE NEXT YEAR<\/strong><\/p>\n
Elon Musk said Tuesday that a potential merger between Tesla and SpaceX would be “a good idea,” revealing that both companies have formed special committees to explore a possible deal.<\/span> (REUTERS\/Gonzalo Fuentes \/ Reuters)<\/span><\/p>\n<\/div>\n<\/div>\n
Musk said the companies formed the special committees at the request of shareholders, who would ultimately need to approve any merger.<\/p>\n
“I do think there’s a lot of merit to combining the companies as we are pretty much in the superintelligence singularity, and there’s a lot to be gained from cooperating on developing superintelligence software, chip design, the Terafab obviously, robotics, mass-to-orbit with the Starmind constellation, connectivity,” Musk said.<\/p>\n
Speculation about a potential combination, including the possibility of SpaceX acquiring Tesla, has intensified, with Barclays suggesting last week that a deal could be announced as early as December, according to Reuters.<\/p>\n
Musk cautioned that it was too soon to know whether the merger would ultimately happen.<\/p>\n
FERRARI CEO RATES TESLA ROADSTER LAUNCH ’10 OUT OF 10,’ THANKS ELON MUSK FOR DARING TO INNOVATE<\/strong><\/p>\n
SpaceX’s next-generation Starship spacecraft atop its Super Heavy booster is launched on its ninth test at the company’s launch pad in Starbase, Texas, May 27, 2025.\u00a0<\/span> (Joe Skipper\/Reuters \/ Reuters)<\/span><\/p>\n<\/div>\n<\/div>\n
The potential merger comes as SpaceX reported its first profit as a publicly traded company earlier Tuesday.<\/p>\n
According to Musk, the company expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027.<\/p>\n
Musk owns a significant stake in SpaceX while retaining substantial voting control over the company.<\/p>\n
Earlier this week, Musk pledged to give every child in America one share of SpaceX next year and suggested the planned giveaway could be the first of several.<\/p>\n
CLICK HERE TO DOWNLOAD THE FOX NEWS APP<\/u><\/strong><\/p>\n
Tesla’s next-generation Roadster unveiled at an event on Oct. 15.<\/span> (Tesla\/X)<\/span><\/p>\n<\/div>\n<\/div>\n
Tesla has also drawn attention recently, unveiling its long-anticipated Roadster last week during a showcase in which the vehicle used compressed-air thrusters to launch off a ramp and perform a midair maneuver.<\/p>\n
Reuters contributed to this report.<\/i><\/p>\n<\/div>\n
FOX Business correspondent Con… <\/p>\n","protected":false},"author":1,"featured_media":7193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[10269,5756,66,7279,1282,993,573,761],"class_list":["post-7192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-committees","tag-form","tag-good","tag-idea","tag-merger","tag-musk","tag-spacex","tag-tesla"],"yoast_head":"\n
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![\"Elon](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/10\/931\/523\/elon-musk-tesla-spacex-merger-talks-2026.jpg?ve=1&tl=1\")
<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"SpaceX](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2025\/05\/931\/523\/spacex-may-27-25.jpg?ve=1&tl=1\")
<\/source><\/source><\/source><\/source><\/picture><\/div>\n![\"Tesla's](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2026\/10\/931\/523\/tesla-roadster-unveiling-event.png?ve=1&tl=1\")
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