--- title: "Elon Musk Recused Himself From SpaceX-Tesla Merger Talks Over Conflicts of Interest — But Rocket Giant Says His Word Will Be Final" type: "News" locale: "en" url: "https://longbridge.com/en/news/302872586.md" description: "Elon Musk recused himself from SpaceX-Tesla merger talks due to conflicts of interest, but his approval remains mandatory as the controlling shareholder. While special committees are discussing the potential $3.5 trillion deal, governance concerns and shareholder scrutiny may cause delays. Tesla recently lowered its capital expenditure forecast, while SpaceX reported significant spending. Both stocks saw minor gains in pre-market trading." datetime: "2026-10-23T11:18:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302872586.md) - [en](https://longbridge.com/en/news/302872586.md) - [zh-HK](https://longbridge.com/zh-HK/news/302872586.md) generator: "portal-rs" --- # Elon Musk Recused Himself From SpaceX-Tesla Merger Talks Over Conflicts of Interest — But Rocket Giant Says His Word Will Be Final A potential merger of **Space Exploration Technologies Corp** (NASDAQ:SPCX) and **Tesla Inc.** (NASDAQ:TSLA) will require approval from controlling investor **Elon Musk**, even though he has recused himself from talks over conflicts of interest. ## **SpaceX Filing Outlines Potential Merger Path** In a regulatory **Securities and Exchange Commission** filing on Thursday, SpaceX said, "No determination by our special committee has been made regarding any potential combination." Any deal would need approval from the committee, the board, and its controlling shareholder. The filing follows Musk’s Tuesday comment that a merger would be "a good idea." He confirmed both companies had formed special committees to discuss a union. However, Musk said he cannot take part in the committee discussions. ## **Governance Concerns Could Delay the Deal** Musk’s endorsement of the potential $3.5 trillion deal has rattled some insiders, Reuters reported on Thursday. They worry his comments could invite shareholder scrutiny and delay the process by several weeks. **Read Also: Western Digital (WDC) Stock Is Trending After Hours: Here’s What You Need to Know** Tesla on Wednesday cut its full-year capital expenditure forecast to roughly $20 billion from more than $25 billion. SpaceX spent $19.6 billion on capex in the third quarter. CFO **Bret Johnsen** expects fourth-quarter spending of $35 billion to $40 billion, nearly double the prior quarter’s level. ## **Trading Metrics** | Name | Market Capitalization | Annual Range | YTD Down | Outstanding Shares | | ------ | --------------------- | --------------- | -------- | ------------------ | | Tesla | $1.48 Trillion | $297.38–$498.82 | 16.71% | 3.95 Billion | | SpaceX | $1.96 Trillion | $104.83–$225.64 | 3.5% | 8.09 Billion | In the pre-market session on Friday, SPCX gained 1.44% to $146.84, while TSLA edged 0.11% higher to $375, according to Benzinga Pro data. **See More: Top Value Stocks** ***Disclaimer:*** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* Image via Shutterstock ### Related Stocks - [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [CRSH.US](https://longbridge.com/en/quote/CRSH.US.md) - [DSPC.US](https://longbridge.com/en/quote/DSPC.US.md) - [LOFF.US](https://longbridge.com/en/quote/LOFF.US.md) - [SNK.US](https://longbridge.com/en/quote/SNK.US.md) - [SPAL.US](https://longbridge.com/en/quote/SPAL.US.md) - [SPCF.US](https://longbridge.com/en/quote/SPCF.US.md) - [SPCG.US](https://longbridge.com/en/quote/SPCG.US.md) - [SPCH.US](https://longbridge.com/en/quote/SPCH.US.md) - [SPCM.US](https://longbridge.com/en/quote/SPCM.US.md) - [SPCU.US](https://longbridge.com/en/quote/SPCU.US.md) - [SSPC.US](https://longbridge.com/en/quote/SSPC.US.md) - [TESC.US](https://longbridge.com/en/quote/TESC.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TEST.US](https://longbridge.com/en/quote/TEST.US.md) - [TLA.US](https://longbridge.com/en/quote/TLA.US.md) - [TSDD.US](https://longbridge.com/en/quote/TSDD.US.md) - [TSIB.US](https://longbridge.com/en/quote/TSIB.US.md) - [TSII.US](https://longbridge.com/en/quote/TSII.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [TSLI.US](https://longbridge.com/en/quote/TSLI.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLO.US](https://longbridge.com/en/quote/TSLO.US.md) - [TSLP.US](https://longbridge.com/en/quote/TSLP.US.md) - [TSLQ.US](https://longbridge.com/en/quote/TSLQ.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) - [TSLS.US](https://longbridge.com/en/quote/TSLS.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [TSLV.US](https://longbridge.com/en/quote/TSLV.US.md) - [TSLW.US](https://longbridge.com/en/quote/TSLW.US.md) - [TSLY.US](https://longbridge.com/en/quote/TSLY.US.md) - [TSLZ.US](https://longbridge.com/en/quote/TSLZ.US.md) - [TSW.US](https://longbridge.com/en/quote/TSW.US.md) - [TSYY.US](https://longbridge.com/en/quote/TSYY.US.md) - [TYYY.US](https://longbridge.com/en/quote/TYYY.US.md) - [YSPC.US](https://longbridge.com/en/quote/YSPC.US.md) - [07766.HK](https://longbridge.com/en/quote/07766.HK.md) - [09366.HK](https://longbridge.com/en/quote/09366.HK.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) ## Related News & Research - [SpaceX and Tesla Form Merger Exploration Committee That Excludes Elon Musk](https://longbridge.com/en/news/302611243.md) - [SpaceX earnings due amid AI revenue surge, Tesla merger buzz](https://longbridge.com/en/news/302134922.md) - [SpaceX CEO Musk Says Co And Tesla Have Formed Special Committees To Discuss Merger](https://longbridge.com/en/news/302471313.md) - [Tesla unveils long-delayed Roadster developed with SpaceX, fueling merger speculation](https://longbridge.com/en/news/302117261.md) - [SpaceX Bulls Get Louder After Q3 Earnings Print, But One Firm Flags $475B Funding Gap](https://longbridge.com/en/news/302596793.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**