Musk calls SpaceX-Tesla merger a 'good idea' as special committees are formed

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Elon Musk said a merger between SpaceX and Tesla would be a good idea, and special committees have been formed to hold talks on the matter. SpaceX shares climbed 4.9% in extended trading after his remarks. Speculation about a deal has intensified in recent weeks, with Barclays suggesting an announcement could arrive before Tesla's annual meeting in December. Musk has raised the idea before, citing growing overlap between the two companies' businesses. The discussions coincide with SpaceX reporting its first profit since becoming a public company.

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