‘Tap dancing through a minefield’: Elon Musk’s $3.5 trillion Tesla-SpaceX merger talks expose his power—and scant accountability

Elon Musk said Tuesday that independent directors at Tesla and SpaceX have formed special committees to explore combining the two companies—a deal that, at current market values, would create a roughly $3.5 trillion giant. Musk said he can’t take part in the talks because he is a “conflicted party.” “This is definitely the kind of question where I feel like I’m tap dancing through a minefield,” Musk said on SpaceX’s third-quarter earnings call , adding that it would be “overstating it” to call a merger a certainty.

Source: Fortune Crypto