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Musk Backs SpaceX Tesla Merger Talks

Elon Musk confirmed that special committees are discussing a potential merger between SpaceX and Tesla. The talks follow strong quarterly earnings driven by surging artificial intelligence revenue.

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The SpaceX Starship and Super Heavy v3 Booster lift off on its 13th test flight from the SpaceX launch complex in Starbase, Texas, U.S., July 24, 2026. REUTERS/Steve Nesius

Elon Musk confirmed on Tuesday that SpaceX and Tesla Inc have formed special committees to explore a merger, sending shares of the electric vehicle maker up 1.8% in extended trading. The discussions follow SpaceX reporting its first profit as a public company alongside a 161% surge in quarterly revenue. A potential combination would unite Musk's aerospace and automotive ventures under a single corporate structure.
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