# SpaceX and Tesla merger enters formal process: special committees formed, exchange ratio and shareholder vote become key

- Source: 钛媒体
- Published: 2026-10-22T06:17:00.000Z
- RoboHot: https://robohot.news/en/items/we66ui7x4fl5y5y4tpfzfe1e9
- Original: https://www.tmtpost.com/8177379.html

## Summary

SpaceX and Tesla have each formed special committees to discuss a merger. Musk confirmed it is a good idea but the terms are undecided, and the merger is not yet a done deal. Based on the October 20 closing prices, the two companies have a combined market value of about $3.5 trillion. If merged through a stock swap, Musk would hold about 37% of the equity and about 56% of the voting power in the combined company. The biggest obstacle is the Tesla shareholder vote: support from more than half of all issued shares is required, while Musk holds only about 20%, and as a conflicted party he must recuse himself from negotiations.