Musk Says SpaceX and Tesla Form Committees to Explore Record Merger

On Tuesday, during the earnings webcast for SpaceX, Elon Musk revealed that both SpaceX and Tesla Inc have set up special committees to explore the possibility of a merger. Musk, who is the CEO of both firms, characterized this initiative as an initial step towards what could become the largest merger in corporate history. He expressed, "I do think there's a lot of merit to combining the companies," and noted the potential benefits of collaborating on superintelligence software development. Musk mentioned that he is not involved in the committee discussions due to a conflict of interest. As of now, the committees have not reached any agreements, and no formal deal has been announced.