Musk Says Tesla-SpaceX Merger Would Be a 'Good Idea,' Confirms Active Review

3-line summary

• Elon Musk said during SpaceX's quarterly earnings call on Tuesday that a merger between Tesla and SpaceX is under active consideration, telling analysts "Do I think it would be a good idea? Yes," while cautioning that nothing should be assumed and that shareholder approval would be required.
• Musk said special committees have been formed within both companies to study a potential deal, but "have not reached agreement on terms of any transaction and there's no guarantee that they will"; he said he is not part of either committee because he is a "conflicted party" as CEO of both companies, and described even discussing the matter as like "tap dancing through a minefield."
• A combination would rank among the largest mergers in history, with Tesla valued at roughly $1.5 trillion and SpaceX at $2 trillion; Musk said at least 50% of Tesla shareholders would need to approve a deal, calling that "quite a high hurdle to achieve."

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