SpaceX and Tesla form special committee to discuss merger, weighing AI capex and Musk's control

Sure, let’s smoosh SpaceX and Tesla together, who cares

SpaceX and Tesla have set up a special committee to discuss a merger, with the article examining AI business integration, funding needs and how the deal bears on Musk's control. SpaceX's Q3 AI segment revenue was $7.56 billion, and the article argues its business is closer to a compute infrastructure provider. Tesla posted a second straight quarter of falling profit.

Why it matters: If SpaceX buys Tesla in a share swap, Musk may gain voting control of the combined company and trigger his pay package.