IT之家 · ITHome
Musk says Tesla and SpaceX are assessing a possible merger, with no deal agreed
IT之家 reports that Elon Musk said Tesla and SpaceX have each formed special committees of independent directors to examine a potential merger. He cited opportunities for cooperation in AI, autonomous driving and superintelligence software, but said the committees have not agreed on deal terms and a merger remains uncertain.
What to know
- 01
Musk said his positions as CEO of both companies and his substantial shareholdings create a conflict of interest, so he will not participate in the committees’ discussions.
- 02
Musk said Tesla would need approval from at least 50% of all shareholders.
Why it matters
The potential merger concerns cooperation in areas such as AI, but still requires agreed transaction terms and satisfaction of Tesla’s shareholder approval requirement.
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