HeFlyBoy

Elon Musk on a possible SpaceX–Tesla merger: "Do I think it would be a good idea? Yes" Both SpaceX and Tesla have formed special committees of independent directors to discuss the idea, at the request of shareholders Because he's a conflicted party, Elon can't take part in those discussions "Some people out there assume that a SpaceX and Tesla merger is a certainty, and I think that would be overstating it" "The special committees have not reached agreement on the terms of any transaction. And obviously there's no guarantee that they will" On the Tesla side, it would need a 50% vote of all shares, not just those who vote. That's a high hurdle So why does Elon support it? "I do think there's a lot of merit to combining the companies as we are pretty much in the super intelligence singularity" "There's a lot to be gained from cooperating on developing super intelligence software, chip design, the Terafab, obviously robotics, mass to orbit with the Starmind constellation. Connectivity" Next, the special committees of both companies have to agree on terms, and then it goes to a shareholder vote