The boards of SpaceX and Tesla have each formed special committees to review a possible merger, with independent directors leading the discussions. Elon Musk, CEO of both companies, is not part of the conversation, describing it as an “odd kabuki dance.”
The committees consist of established directors, such as Robyn Denholm, Ira Ehrenpreis, and Joe Gebbia, who are well-versed in audit, compensation, and corporate governance. Musk supports the merger but cautions that it is not a guaranteed outcome, stating that shareholders ultimately decide.
At SpaceX, Musk’s grip on the company is strengthened by his 50% voting power, making it easier to gain support from shareholders. At Tesla, however, the hurdle is much higher, requiring a 50% vote from all shareholders.
Musk envisions a combined company leveraging AI software, robotics, and joint projects, but admits that the outcome is uncertain. The special committees have not yet agreed on the terms of any transactions.
