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Elon Musk says a Tesla-SpaceX merger is a good idea but needs nearly 2 billion shareholder votes to pass.

Company Fundamentals
29 Oct 2026, 17:42 WIB
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Elon Musk says a Tesla-SpaceX merger is a good idea but needs nearly 2 billion shareholder votes to pass.

Elon Musk expressed support for a merger between Tesla and SpaceX, calling it a good idea, but highlighted the challenge of securing a 50% vote from all Tesla shareholders, which translates to about 1.98 billion votes. The merger would face a high voting threshold because any shares not voted count as a no. Both companies have formed special committees to explore the deal, but no agreement or terms have been reached yet. Investors are watching closely as the merger would likely be SpaceX-led and all-stock, with analysts speculating on potential premiums and share prices.

As of Oct 29, 2026 21:51 WIB, Tesla shares on Pluang trade at USD 405.29 with a slight gain of 0.26% for the day, while SpaceX shares are priced at USD 143.73, down 1.03%. Despite the merger talk, Pluang order activity shows a majority selling Tesla at 71%, contrasting with a 61% buying interest in SpaceX. The high voting hurdle of 1.98 billion 'yes' votes underscores the challenge ahead for this potential deal.

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