Elon Musk says Tesla and SpaceX have each formed committees to discuss a potential merger between the two companies. The disclosure places the long-speculated combination of his two major businesses on a more formal footing, though no agreement has been announced.
Musk's comments come as SpaceX continues to expand its launch and satellite operations. The company develops the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink broadband network, and also offers Starshield services for government and national-security customers. Musk serves as chief executive and chief technology officer of SpaceX, while Gwynne Shotwell serves as president and chief operating officer.
SpaceX's recent financial results also drew attention. In its third-quarter 2026 report, released October 20, 2026, the company posted earnings of $0.35 per share, well ahead of the $0.10 consensus estimate. Revenue came in at $14.58 billion for the quarter.
SpaceX is privately held and does not trade on Nasdaq, so the earnings figures reflect company reporting rather than a public listing. Any merger with Tesla would require further board approval and regulatory review before taking effect.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing