Elon Musk said Tuesday that independent directors at Tesla and SpaceX have formed special committees to explore combining the two companies—a deal that, at current market values, would create a roughly $3.5 trillion giant. Musk said he can’t take part in the talks because he is a “conflicted party.”
“This is definitely the kind of question where I feel like I’m tap dancing through a minefield,” Musk said on SpaceX’s third-quarter earnings call, adding that it would be “overstating it” to call a merger a certainty.
