SpaceX and Tesla boards create independent committees to review a potential merger

The SpaceX and Tesla boards have formed special committees to review a possible merger. Elon Musk says he likes the idea but is not serving on either committee, which he says are made up of independent directors.

For investors and partners, the use of independent directors signals an attempt to manage conflict concerns around Musk’s role at both companies. The key limitation is that the article reports only committee formation, not deal terms, timing, or whether either board will recommend a merger.