Tesla and SpaceX formed independent director committees to explore a potential merger, according to an Oct. 21 BlockBeats account of Elon Musk’s remarks. The report said Musk would not participate in the discussions because of conflicts of interest.
No transaction terms agreed
The report said a transaction was not assured and the committees had agreed no terms. A separate BlockBeats flash said Citi raised its SpaceX target from $200 to $240. That analyst valuation does not establish merger consideration or an agreed deal price.
Source: BlockBeats, 2026-10-21 02:34:53 UTC.
Source: BlockBeats, 2026-10-21 03:11:01 UTC.