Elon Musk says Tesla and SpaceX are considering a corporate merger

Special committees have been formed at Tesla and SpaceX to explore a potential merger between the electric vehicle maker and the aerospace company, chief executive Elon Musk announced on Tuesday. The BBC, the Wall Street Journal, and Axios all reported that Musk confirmed the idea is under active consideration during a call with financial analysts regarding the quarterly business results of SpaceX. Musk stated that he believes a combination of the two companies would be a good idea with significant merit. [1][7][8]

Musk emphasized that a final transaction is not guaranteed, according to reports from the BBC and the Wall Street Journal. Both outlets reported his warning that the special committees have not yet agreed on terms, and any final decision will ultimately require the approval of shareholders in both companies. [1][7]

Musk is the chief executive officer and largest shareholder of both Tesla and SpaceX. He has been the wealthiest person in the world since 2025 and became the first trillionaire in June 2026, with Forbes estimating his net worth at $1.1 trillion as of October 2026. [10]

Separately, Gizmodo reported that a Wall Street Journal investigation claims Musk directly ordered the throttling of Starshield technology in Ukraine. Starshield is a military grade telecommunications system operated by SpaceX for drone operations and battlefield communications. The report notes that questions remain regarding the level of influence exerted by the White House on that decision, while Musk had previously stated on social media that speed or usage limits are set by the United States military. [4]