# Musk Tesla SpaceX Merger Vote Hurdle

> Musk says Tesla-SpaceX merger needs 1.98 billion yes votes to pass.
- Title: Musk Tesla SpaceX Merger Vote Hurdle · 24/7 Wall St.
- Summary: Musk says Tesla-SpaceX merger needs 1.98 billion yes votes to pass. Elon Musk admits a Tesla-SpaceX merger would require 1.98 billion yes votes to pass…
- Keywords: elon musk, tesla, spacex, merger, shareholder vote, 1.98 billion yes votes, shareholder threshold, Musk, Vote, Hurdle, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/10/29/musk-says-a-tesla-spacex-merger-is-a-good-idea-but-admits-it-would-require-1-98-billion-yes-votes-he-calls-it-quite-a-high-hurdle
- Author: AJ Tiarsmith
- Published: 2026-10-29T14:42:35+00:00
- Read time: 1 min
- Topics: elon musk, tesla, spacex, merger, shareholder vote, 1.98 billion yes votes, shareholder threshold
## Musk calls Tesla-SpaceX merger a good idea
Elon Musk says combining Tesla and SpaceX would be a good idea but faces a high hurdle to pass.

> Do I think it would be a good idea? Yes.
## Merger needs 1.98 billion yes votes
Tesla needs 1.98 billion yes votes to pass a merger, a majority of all shares.

> Particularly on the Tesla side, we will need a 50% vote of all shares, not just those who vote, but of all shareholders.
## Why 1.98 billion is hard to reach
Retail investors voted only 28% of shares in 2025, making a 1.98 billion vote difficult.

> Retail investors voted only 28% of their shares in the 2025 proxy season.
## Special committees in talks
Both companies formed special committees but have no agreement on merger terms.

> The special committees have not reached agreement on the terms of any transaction.
## Tesla's financial results
Tesla's Q3 operating income fell to $718 million while SpaceX reported $14.60 billion revenue.

> Tesla's third-quarter filing shows operating income fell to $718M from $1.62B.
## Market expectations for merger
J.P. Morgan expects a SpaceX-led merger at a 30% to 35% premium, but no offer exists.

> J.P. Morgan expects any deal to be SpaceX-led and all-stock, at a 30% to 35% premium.
## Key takeaway

Elon Musk admits a Tesla-SpaceX merger would require 1.98 billion yes votes to pass, calling it a high hurdle.