SpaceX says Tesla merger needs Musk’s approval, discloses megapack purchases

[President Trump Speaks At Golden Age Of American Innovation Summit] SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) said Thursday that any merger with Tesla (TSLA [https://seekingalpha.com/symbol/TSLA]) would require approval from Elon Musk, who controls the rocket and artificial intelligence company, even as both companies have established independent committees to evaluate a potential combination. In its quarterly regulatory filing [https://seekingalpha.com/filing/310199506], SpaceX (SPCX [https://seekingalpha.com/symbol/SPCX]) said its special committee hasn't reached a decision on a merger. Any agreement would need the endorsement of the committee, the company's board and its controlling shareholder.