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SpaceX merger with Tesla needs Elon Musk's approval despite his recusal over conflicts of interest.

Market News
22 Oct 2026
New York Post
View Source
Neutral
SpaceX merger with Tesla needs Elon Musk's approval despite his recusal over conflicts of interest.

SpaceX announced that any merger with Tesla requires approval from Elon Musk, the controlling investor, even though he has stepped back from talks due to conflicts of interest. Musk recently called the merger a "good idea" and both companies have formed special committees to explore the possibility. Analysts see the merger as likely but differ on the valuation for Tesla shareholders. The deal could consolidate Musk's control over both companies, simplify decision-making, and allow better allocation of resources amid growing AI investments. Tesla has recently lowered its capital expenditure forecast, while SpaceX expects significant spending in the coming quarter. The merger talks have caused some concern about shareholder interests and potential delays.

As of Oct 23, 2026 05:31 WIB, Tesla shares on Pluang are trading at USD 373.26, down 3.42% in the past day, with a market cap of $1.53 trillion. Despite ongoing merger talks with SpaceX, Pluang investors show a strong sell sentiment, with 84% of orders to sell and only 16% to buy. The typical hold time for Tesla on Pluang is 88 days, highlighting a relatively short-term trading interest amid the merger discussions.

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