Independent board committees at Tesla and SpaceX are officially discussing a potential merger. The combined market value of the two companies would reach approximately $3.5 trillion, with SpaceX valued at around $2 trillion and Tesla near $1.5 trillion. Elon Musk, who owns roughly 20% of Tesla and 45% of SpaceX, cannot participate in the negotiations due to his conflict of interest. SpaceX reported its first operating profit since its June IPO, with third-quarter fiscal 2027 revenues up 161% to $14.58 billion. Musk emphasized that no agreement has been reached and the merger is far from certain.
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