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The Merger Is a Process Now: Two Special Committees, One Filing, and an Endorsement That May Have Slowed It Down
On October 20, 2026, Elon Musk confirmed on SpaceX's Q3 call that Tesla and SpaceX have each formed a special committee of independent directors to explore a merger — and said he thinks it is a good idea. SpaceX's October 22 filing says no determination has been made and that any combination still needs approval from the committee, the board, and Musk himself as controlling shareholder. Reuters reports insiders say the public endorsement rattled the process.