Elon Musk said Tuesday that Tesla and SpaceX have each formed special board committees to discuss a possible merger. He spoke on SpaceX's third-quarter earnings call.
Why it matters: Musk endorsed the idea, citing gains in AI software, chip design and robotics. The companies already overlap, and Tesla invested about $2 billion in a SpaceX AI subsidiary in January.
Center coverage, 21 sources: The center reports Musk's endorsement of the merger as a good idea, with his caveats.
Left coverage, 13 sources: The left focuses on Musk consolidating his empire while noting governance questions and the Ukraine Starlink dispute.
What’s next: The independent-director committees will decide whether to propose terms. Any deal then goes to shareholders of both companies.
