跟进：马斯克公开力挺SpaceX与特斯拉合并惹谈判内部反弹：知情人士称或拖慢进程数周
据路透社10月22日报道，马斯克本周公开表态支持SpaceX与特斯拉合并之后，参与谈判的人士对这番表态感到不安。一名直接知情人士说，这次公开披露给谈判进程「添了乱」，可能引来股东层面的审视，并使进程推迟数周。
一些参与者在这桩交易中看到了2016年特斯拉收购太阳城（SolarCity）的影子：那笔交易此后引发了围绕马斯克在其中所起作用的多年诉讼。在涉及关联方的交易中，通常由独立董事监督进程，以保障公众股东的利益如何得到代表，成为谈判参与者眼下担心的问题。
三名知情人士说，谈判仍处于早期阶段，双方已经聘请了顾问。SpaceX在最近几周主动接触特斯拉；目前讨论的交易结构包括SpaceX收购特斯拉，或者在新设立的控股公司之下合并；对价形式也在权衡之中，包括全股票交易。如果合并成行，合并后公司的估值约为3.5万亿美元，将成为有史以来规模最大的企业交易。
马斯克同时担任两家公司的首席执行官，并在两家公司都持有大量股份。本站10月20日报道，马斯克当时表示两家公司已分别设立特别委员会评估合并、称合并是个「好主意」；他同时表示，特别委员会尚未就条款达成一致，合并并非确定之事，特斯拉股东的投票将是一道高门槛。特斯拉、SpaceX与马斯克本人均未回应路透社的置评请求。
关联：马斯克称SpaceX与特斯拉合并是「好主意」：两家董事会已设特别委员会评估
Follow-Up: Musk's Public Endorsement of the SpaceX-Tesla Merger Rattles Deal Insiders, May Slow Talks by Weeks
Elon Musk's public endorsement this week of a merger between SpaceX and Tesla has rattled some of the insiders involved in the discussions, Reuters reported on October 22. A person with direct knowledge of the talks said the disclosure had created a "mess" for the process, could invite shareholder scrutiny, and could delay the process by several weeks.
Some participants see parallels with Tesla's 2016 acquisition of SolarCity, which sparked years of litigation over Musk's role in that deal. In related-party transactions, independent board members typically oversee the process to safeguard public shareholders' interests, and how well Tesla shareholders' interests would be represented has become a concern among those involved.
The parties have hired advisers and the discussions are at an early stage, according to three people familiar with the matter. SpaceX approached Tesla in recent weeks, and the structures under discussion include a SpaceX acquisition of Tesla or a merger under a newly formed holding company; the forms of consideration being weighed include an all-stock deal. If completed, the combined company would be worth about $3.5 trillion, making it the largest corporate transaction in history.
Musk is chief executive of both companies and holds significant stakes in each. As GSM reported on October 20, Musk said both companies had formed special committees to evaluate a merger and called it a good idea; he also said the committees had yet to agree on terms, that a merger was not certain, and that a Tesla shareholder vote would be a high hurdle. Tesla, SpaceX and Musk did not respond to requests for comment.
来源：GSM·美国（原文链接）
图片来源：马斯克（左）与特朗普2025年3月11日在白宫南草坪的特斯拉展示活动上（资料图）。照片：白宫官方照片，Molly Riley 摄，公共领域。 / Elon Musk (left) with President Donald Trump at a Tesla showcase on the White House South Lawn on March 11, 2025 (file photo). Official White House photo by Molly Riley, public domain.
GSM Global · 本篇英文版 English edition of this story
- 2026-10-20 22:12马斯克称SpaceX与特斯拉合并是「好主意」：两家董事会已设特别委员会评估
- 2026-10-22 01:54跟进：马斯克公开力挺SpaceX与特斯拉合并惹谈判内部反弹：知情人士称或拖慢进程数周本篇
