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VERIFIEDConfidence: HIGH
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1 discrepancy flagged
  • ▲Body checked against BBC and TechCrunch reports of the SpaceX Q3 earnings call: committees of independent directors at both companies, Musk not on either, no terms agreed and no certainty of a deal, Tesla needs 50% of all outstanding shares. Evidence: https://www.bbc.com/news/articles/cmlyl09xjke4o https://techcrunch.com/2026/10/20/spacex-and-tesla-boards-form-special-committees-to-review-merger/
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Home/Tech/Musk says a Tesla-SpaceX merger would be a 'good idea'
VERIFIEDBy Xavier Rivera·Tuesday, October 20, 2026 at 7:06 PM EDT·1 min read

Musk says a Tesla-SpaceX merger would be a 'good idea'

Elon Musk said on SpaceX's Q3 earnings call that combining SpaceX and Tesla would be a good idea, and said both companies have formed special committees to review a potential combination. No deal has been announced.

Source:BBC
Post
Musk says a Tesla-SpaceX merger would be a 'good idea'
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⚐ CORRECTEDTuesday, October 20, 2026 at 7:15 PM EDT

Updated source link from a Google News redirect to the BBC article. Replaced the unsourced Q3 revenue line and added context from BBC and TechCrunch: no terms agreed and a deal is not certain; both boards formed special committees of independent directors, and Musk is on neither; Tesla would need approval from 50% of all outstanding shares.

→ All corrections
Elon Musk said on Tuesday, Oct. 20, that combining SpaceX and Tesla would be a good idea, speaking on SpaceX's third-quarter earnings call.

The boards of both companies have each formed special committees of independent directors to review a possible merger. Musk said he is not on either committee, describing himself as a conflicted party because he is chief executive of both companies.
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No terms have been agreed. Musk said the special committees have not reached agreement on the terms of any transaction and there is no guarantee that they will, and he cautioned that a deal should not be assumed to be certain.

Any merger would ultimately be decided by shareholders. At Tesla, it would need approval from 50% of all outstanding shares, not just those that vote, which Musk called "quite a high hurdle to achieve."
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Sources: BBC, TechCrunch.
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