SpaceX and Tesla boards form special committees to review merger
Elon Musk likes the idea but says he is not on either committee, which is made up of independent directors.
AI Summary
The boards of SpaceX and Tesla have established special committees of independent directors to evaluate a potential merger, initiated at the request of shareholders. Elon Musk, while supportive of the merger idea, is excluded from the discussions due to his position as a conflicted party. The independent committees comprise members from both companies' boards but do not include Musk or his brother Kimbal.