SpaceX and Tesla have formed special committees to discuss a merger, but Elon Musk says it’s not a certainty. SpaceX and Tesla are exploring a possible merger. Big Tech SpaceX and Tesla are exploring a possible merger The companies formed special committees with independent directors from both sides.
Musk, who serves as CEO for both companies, said the committees were formed at the request of shareholders. The committees are made up of independent directors from SpaceX and Tesla. Musk himself can’t be part of the discussions, as someone who’s considered a "conflicted party," along with his brother Kimbal Musk.
Based on the corporate information listed on the companies’ websites, Tesla has seven independent directors, while SpaceX has six. Ira Ehrenpreis, the chairperson for Tesla’s Compensation and Nominating and Governance committees, also joined SpaceX’s board in February. Both companies still list him as an independent director.
As Electrek notes, Tesla has become a SpaceX shareholder, as well, after its $2 billion investment in xAI became SpaceX stock, following Musk’s space company’s acquisition of his AI company.
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