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Elon Musk confirmed he is considering a Tesla and SpaceX merger

Elon Musk said he considers a merger of Tesla and SpaceX 'a good idea.' At both companies, special committees of independent directors have been created at shareholders' request to study the deal. The statement came after SpaceX's first quarterly report as a public company: net profit was $4.4 billion. The deal is not a foregone conclusion and will require shareholder approval. Elon Musk has said he considers a merger of Tesla and SpaceX “a good idea.” At the request of shareholders, special committees of independent directors have been set up at both companies to examine the deal. The statement came after SpaceX's first quarterly report as a public company: net profit was $4.4 billion. The deal is not predetermined and will require shareholder approval.

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