Tesla and SpaceX Boards Form Special Committees to Weigh Merger as Musk Pitches AI, Chip Synergies

Elon Musk said SpaceX and Tesla boards have each formed special committees of independent directors to review a possible merger, with Musk — the largest shareholder of both — recusing himself as a conflicted party. He identified AI software, robotics (Optimus), SpaceX's Starmind orbital AI data center project, and the Terafab joint chip venture as the key synergy pillars; SpaceX's recent IPO gave Musk 50%+ voting power there, but Tesla would need a full 50% shareholder vote.