Musk backs SpaceX-Tesla merger idea as both boards form special committees

Elon Musk said on SpaceX's (SPCX) third quarter earnings call late Tuesday that he thinks merging the company with Tesla (TSLA) would be a good idea and revealed that both companies have formed special committees to study a deal. Answering an analyst question on the call, the SpaceX and Tesla CEO took on the 800-pound gorilla in the room — a merger of his biggest companies. "This is definitely kind of a question where I feel like I'm tap dancing through a minefield," Musk joked, before adding some new information. (SPCX ) Go deeper with AlphaSpace 147.79 -0.17 (-0.11%) At close: October 20 at 4:00:01 PM EDT 158.73 +10.94 (+7.40%) Pre-Market: 7:37:28 AM EDT SPCXTSLA "I think both SpaceX and Tesla have formed special committees to discuss this idea.