Updated

Tesla and SpaceX have formed special committees composed of independent directors to discuss a possible merger, Elon Musk announced on October 20, 2026, during SpaceX's third quarter earnings call. Musk, who serves as CEO of both companies, noted that he is not a member of either committee and is not involved in discussions because he is a conflicted party, and that the committees were formed at the request of shareholders. The move marks the first formal step toward potentially combining the two companies, though Musk has indicated he thinks there is merit in the combination. No timeline or terms for a potential merger have been disclosed. The special committees will evaluate the feasibility and potential benefits of combining the electric vehicle manufacturer with the aerospace company, though regulatory and structural challenges would likely complicate any such transaction.