Musk's SpaceX-Tesla merger comments rattled insiders, Reuters reports

Elon Musk's public remarks about a possible SpaceX-Tesla merger could invite shareholder scrutiny and delay the process by several weeks, Reuters reported. Musk said independent director committees were formed at shareholders' request but no terms are agreed, and a deal needs approval from 50% of all Tesla shares.

• Musk called a merger a good idea but not a certainty, citing shareholder approval
• A deal needs backing from 50% of all Tesla shares, including non-voting ones
• SpaceX is valued at about $2 trillion and Tesla at nearly $1.5 trillion
• Sources told Bloomberg the companies aim to announce a deal by H1 2027