During a recent SpaceX earnings call, CEO Elon Musk revealed that both Tesla and SpaceX have formed special committees of independent directors to investigate a potential merger between the two companies. Musk, who leads both organizations, stated that he believes such a deal would be beneficial, though he emphasized that he is not participating in the discussions to avoid conflicts of interest.

There is no current agreement on the terms of a potential transaction, and there is no guarantee that a deal will ultimately be reached. The discussions follow increasing collaboration between the two firms on artificial intelligence and chip development. While the companies are exploring this path, the final decision rests with the independent committees rather than Musk himself. Reports from financial analysts, such as those at Barclays, had previously speculated on the possibility of such a consolidation, though the outlets provided differ in the depth of their reporting regarding the uncertainty of the outcome. The Verge explicitly notes the lack of a guaranteed agreement, whereas other sources focus primarily on Musk’s stated support for the concept.