SpaceX and Tesla merger talks advance as December announcement considered Proactive Fri, November 13, 2026 at 10:21 AM EST 2 min read TSLA -1.78% SPCX -1.28% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
SpaceX Corp (NASDAQ:SPCX) and Tesla Inc (NASDAQ:TSLA) are progressing with merger negotiations, with an announcement possible as early as December, although discussions could extend into 2027.
Bloomberg News reported on Thursday, citing people familiar with the talks, that the companies' boards and advisers were working through deal terms and the governance structure of a combined business.
The proposed transaction would bring together Elon Musk's aerospace and satellite business with Tesla, the electric vehicle manufacturer, which is also developing artificial intelligence and robotics technology.
However, neither company has confirmed an agreement, and regulatory filings make clear that a combination remains subject to several approvals.
Tesla's third-quarter filing with the US Securities and Exchange Commission (SEC) disclosed that its board had established a special committee of disinterested directors to examine closer ties with SpaceX.
The filing said those arrangements could include a business combination, but there was no assurance that a transaction would proceed.
Any agreement would require the special committee's recommendation and, where necessary, shareholder approval.
SpaceX's own quarterly filing confirmed that its board had also established a special committee to evaluate a potential combination with Tesla.
The filing added that no decision had been reached and any transaction would require approval from the special committee, the board and its controlling shareholder.
Musk described a potential merger as a "good idea" during SpaceX's third-quarter earnings call in October, confirming that both companies had established independent-director committees.
The prospect of a combination also presents regulatory complications, particularly given SpaceX's United States government defence contracts and Tesla's exposure to China.
Reuters highlighted these issues in its coverage of the reported negotiations, although neither company was immediately available for comment.
The two businesses also have a joint venture, Terafab, focused on semiconductor manufacturing, with Musk outlining plans for initial test-chip production in 2027.
A December announcement would represent a significant step towards combining Musk's businesses, but would not necessarily mean the transaction had been completed.
