SpaceX, Tesla Form Special Committees to Explore Potential Merger

07:04 PM EDT, 10/20/2026 (MT Newswires) -- SpaceX (SPCX) and Tesla (TSLA) have formed special committees to explore a potential merger, CEO Elon Musk said, multiple outlets reported Tuesday, citing SpaceX's earnings webcast. Musk said there is merit to combining the companies, citing potential gains from cooperating on developing superintelligence software, according to the reports. Musk said he is not participating in the committee discussions because he is a conflicted party, and that the committees have yet to agree on terms, the reports said.