Elon Musk has revealed that SpaceX and Tesla are exploring a possible merger, a tie-up that would create a corporate colossus worth more than $3 trillion. Musk said on Tuesday that his two largest companies had established special committees to explore a merger. The SpaceX and Tesla CEO said the idea had a “lot of merit”, given the companies’ complementary work on artificial intelligence, but the committees had not come to any agreement on a proposal. “They’ve got to come up with something, and then that’s got to be put to the shareholders as a vote,” Musk said on a SpaceX earnings call.
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