Tesla forms special committee to explore merger with SpaceX

What happened

Both entities, led by Elon Musk, have established independent director committees to evaluate the merger, although no terms have been agreed upon and no deal is assured at this stage. This development appears to have caused movement in prediction markets, which now show adjusted probabilities for the merger being announced before certain dates.

Share Tesla has formed a special committee to explore a potential merger with SpaceX, a move that marks a significant step towards possibly consolidating the two companies. Tesla is an automotive and solar company based in Palo Alto. SpaceX is a space company based in Hawthorne.

The market for a Tesla and SpaceX merger announcement by December 31 is currently priced at 18.5% YES, down from 19% just 24 hours ago. Join 34,000+ readers across crypto, finance, and policy.