Musk said he isn’t a member of either special committee or involved in the talks because he’s a conflicted party under securities regulations.

Elon Musk backed a potential SpaceX-Tesla merger as independent committees began discussions. Formal talks highlight growing overlap in artificial intelligence, chips, robotics and connectivity.

Oct 20 : Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be "a good idea" and that they had formed special committees to discuss a union, sending shares of the space and technology company up 8 per cent in extended trading.The company earlier posted its first profit as a pu