Business & Finance · October 22, 2026
SpaceX now says potential blockbuster Tesla merger would need Elon Musk’s approval
SpaceX disclosed in a regulatory filing that any potential merger with Tesla would require the approval of its controlling shareholder, Elon Musk, despite his public recusal from negotiations due to conflicts of interest. The disclosure follows Musk's recent endorsement of a possible $3.5 trillion union between the two companies. Separately, SpaceX reported a $561 million unrealized gain from its stake in The Boring Co., contributing to a quarterly net income of over $4 billion. Meanwhile, a federal judge ruled that the Office of Personnel Management violated federal law by providing Musk’s Department of Government Efficiency (DOGE) with unauthorized access to sensitive government employee data.
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Read the original coverage
- New York PostTabloid
SpaceX now says potential blockbuster Tesla merger would need Elon Musk’s approval
Read at New York Post ↗
Reported by multiple outlets
- A potential merger between SpaceX and Tesla would require approval from Elon Musk as the controlling shareholder.
- Elon Musk has recused himself from merger negotiations due to conflicts of interest.
- Musk recently stated that a SpaceX-Tesla merger would be a 'good idea.'
- Special committees have been formed at both companies to discuss the potential union.
- SpaceX reported a $561 million investment gain from its stake in The Boring Co. in the third quarter.
Reported by only some outlets
- A federal judge ruled that OPM violated the Privacy Act of 1974 by sharing PII with DOGE.
- The potential Tesla-SpaceX merger is estimated at $3.5 trillion.
- Boring Co. raised $3 billion in September with UAE backing.
- Musk’s comments on the merger reportedly rattled some company insiders who fear shareholder scrutiny or delays.
- SpaceX’s net income for the quarter was over $4 billion.
Industry-friendly coverage frames it as…
emphasize the massive $3.5 trillion potential valuation, the financial windfall from Boring Co. gains, and the strategic consolidation of Musk's ventures
Skeptical / consumer coverage frames it as…
highlight the conflict of interest inherent in Musk approving a deal he recused himself from and the illegal data access by Musk's DOGE initiative
Numbers that differ
- Potential merger valuation: New York Post reports $3.5 trillion.
- Boring Co. investment gain: CNBC reports $561 million.
- SpaceX net income: CNBC reports over $4 billion.
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