Elon Musk, CEO of both companies, stated that merging Tesla and SpaceX is a "good idea" and that special committees have been formed to assess a potential deal. He believes there is "a lot to be gained" from the combination, which would be the largest merger ever, with Tesla valued at approximately $1.5 trillion and SpaceX at $2 trillion. The move aims to combine Tesla's cars, robots, and self-driving technology with SpaceX's rockets, data centers, satellites, and telecommunications, particularly benefiting their work in chips and AI. Following the news, SpaceX shares rose 8% in after-hours trading, while Tesla shares climbed 1.5%.