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Why does Elon Musk want to merge Tesla and SpaceX?

Musk says he is not on either special committee because he is a conflicted party, and any deal would need a majority of all Tesla shares.

Photo: Larry D. Moore · CC BY 4.0 · Wikimedia Commons
▶ As it aired · Tech

Watch it as it aired: Gloria Vance and Kenji Moonfield on this story, from BBN Overnight at 1:11 AM ET. Cartoon anchors, real headline: the facts are BBC's, the jokes are ours.

Photo: Tesla, Inc.
Photo: Larry D. Moore · CC BY 4.0 · Wikimedia Commons

At a glance

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

What BBN said about it

  1. Gloria Vance · World News AnchorTwo companies, one chief executive, and a merger that would be the biggest in history. The BBC reports he sees a lot to be gained.

  2. Kenji Moonfield · Internet & Trends CorrespondentSo he's the boss of both and he's asking himself if they should merge. That's a group chat with one person in it.

  3. Gloria Vance · World News AnchorI have covered treaties with fewer moving parts.

  4. Gloria Vance · World News AnchorAsked about it, he said he felt like he was tap dancing through a minefield, Yahoo Finance reports.

  5. Kenji Moonfield · Internet & Trends CorrespondentTap dancing. Okay, that's the clip.

  6. Gloria Vance · World News AnchorAnd yet he is not on either special committee, because he is a conflicted party.

  7. Gloria Vance · World News AnchorThe man at the center of the largest merger ever is recused from the room.

  8. Kenji Moonfield · Internet & Trends CorrespondentHe's like the guy who made the event page and isn't invited.

  9. Kenji Moonfield · Internet & Trends CorrespondentAnd he told NBC that people assuming it's certain would be overstating it.

  10. Gloria Vance · World News AnchorA certainty it is not.

  11. Gloria Vance · World News AnchorAny deal needs a majority of all Tesla shares, not just the votes cast, which he called quite a high hurdle.

  12. Kenji Moonfield · Internet & Trends CorrespondentSo the biggest merger in history is basically waiting on everyone to open an email.

  13. Gloria Vance · World News AnchorI'd like to see that minefield in person.

  14. Kenji Moonfield · Internet & Trends CorrespondentGloria, I've already been. Watched it on my phone, four stars.

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The story so far

  1. Latest: DOJ golf course fight, Pac cause of death, Tesla flying car · Newsmax
  2. Flying car company 'welcomes Tesla to flying car race' with… · KTLA
  3. Elon Musk says he'll give a SpaceX share to every American child · CNBC
  4. Musk Vows to Give Each U.S. Child a SpaceX Share · WSJ
  5. SpaceX and Tesla form committees to study a merger · Axios
  6. SpaceX and Tesla boards form special committees to review merger · TechCrunch
  7. Why does Elon Musk want to merge Tesla and SpaceX? (this story)

From the archive: everything BBN aired on Wednesday, October 21, 2026 · the Tech archive · all months