Special committees composed of independent board members have been established at both SpaceX and Tesla to evaluate a potential merger. These committees were formed following requests from shareholders, though Elon Musk is not participating in the negotiations due to a conflict of interest.
Musk stated that any final decision requires approval from shareholders. Specifically, for Tesla, the proposal would need to secure votes from 50% of all outstanding shares, which Musk described as a significant hurdle. No formal agreement has been reached between the companies at this stage.
The potential merger could create an entity with a market capitalization exceeding $3.6 trillion. However, the structure of such a deal remains uncertain. SpaceX currently requires tens of billions of dollars in annual expenditure, which could impact Tesla's resources for vehicle and robotics production.
Market analysts suggest that a scenario where SpaceX acquires Tesla might be more straightforward, given that SpaceX has a higher market capitalization following its IPO in June. Such a move would likely face opposition from some Tesla shareholders due to the resulting dilution of their ownership stakes.
