SpaceX and Tesla form committees to explore potential merger

SpaceX and Tesla have formed independent-director committees to explore a potential merger, according to Bloomberg Technology. The discussions appear to represent a significant step toward a possible combination of the two companies, both led by CEO Elon Musk. The boards involved are reportedly examining avenues for collaboration, including artificial intelligence, chip design, and robotics, though Musk himself is excluded from the discussions due to conflicts of interest. Any merger agreement would require approval from shareholders of both entities, which are valued collectively at approximately $3.5 trillion.

Source: Crypto Briefing