Tesla and SpaceX have officially established special committees to assess the feasibility of a potential merger. This move follows direct requests from shareholders seeking to explore a combination of the two entities.
The proposed transaction could result in the creation of a massive conglomerate with an estimated valuation of $3,6 trillion. The Financial Times first reported on the formation of these independent review bodies.
Elon Musk, who currently heads both companies, has been excluded from the committee deliberations. This decision aims to mitigate potential conflicts of interest during the evaluation process.
As of now, no specific terms or definitive agreements regarding the merger have been reached. The process remains in the preliminary stages of exploration and internal review.
