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Musk says a Tesla-SpaceX merger would aid superintelligence work

10/21/2026 — 10/21, 07:17·2 sources (all)·2 reports (all)

Key takeaways

  • Speaking on Tesla's earnings call, Elon Musk said both Tesla and SpaceX have formed special committees of independent directors to evaluate…

Background & analysis

On October 21, 2026, Elon Musk said during an earnings call that both SpaceX and Tesla have set up special committees made up of independent directors to study a possible merger between the two companies. The two reports differ on which call this was: cnBeta describes it as SpaceX's earnings call, while IT之家, citing Bloomberg, says it was Tesla's call for the third quarter of fiscal 2026 (July to September 2026).

Musk said a merger would have "a lot of benefits," especially in jointly developing "superintelligence" (SI) software and advancing artificial intelligence and autonomous driving, where he sees substantial room for cooperation. He also said that if the deal ultimately goes ahead, it could become the largest corporate merger in history.

On process, Musk said the two companies' committees have not yet agreed on deal terms and that a merger is not certain. Because he serves as CEO of both companies and holds large stakes in each, he described himself as a conflicted party and said he would not take part in the committees' discussions. The special committees were established at shareholders' request. He also noted that the Tesla side would need approval from at least 50% of all shareholders. On market reaction, IT之家 said Tesla shares rose about 1.2% in after-hours trading, and mentioned that Barclays analysts had previously expected a merger could be announced before Tesla's annual shareholder meeting in December. The matter currently rests at the committee review stage, with deal terms undecided.

AI-generated from 2 reports · updated 1 hour ago

Latest turnSpeaking on Tesla's earnings call, Elon Musk said both Tesla and SpaceX have formed special committees of independent directors to evaluate a potential merger, according to Bloomberg. He said a combination would offer "a lot of benefits," particularly for jointly developing "superintelligence" software and advancing AI and autonomous driving, while cautioning that no terms have been agreed and a deal is not certain.

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Reports on this story headlines open the original

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  1. Speaking on Tesla's earnings call, Elon Musk said both Tesla and SpaceX have formed special committees of independent directors to evaluate a potential merger, according to Bloomberg. He said a combination would offer "a lot of benefits," particularly for jointly developing "superintelligence" software and advancing AI and autonomous driving, while cautioning that no terms have been agreed and a deal is not certain.

    IT之家AI score 60
  2. Speaking on SpaceX's earnings call, Elon Musk said SpaceX and Tesla have set up a special committee to study a potential merger that, if pursued, could become the largest corporate combination on record. Musk said a merger would offer plenty of benefits, particularly for collaborating on superintelligence software.

    cnBetaAI score 65

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