Look Up Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Getting Technical with Mashable Mashable Selects Gift Ideas For Everyone On Your List Say More Versus Trending Now In My Bag Mashable @Home Top creators, ranked Creator Playbook All Series Elon Musk admits he'got carried away' leading DOGE The billionaire agreed that he was basically drunk on the Trump administration's power. Amanda Yeo is an Assistant Editor at Mashable, covering entertainment, culture, tech, science, and social good. Based in Australia, she writes about everything from video games and K-pop to movies and gadgets. Elon Musk says he got carried away when working with the White House, and now thinks he shouldn't have continued running the Department of Government Efficiency (DOGE) for so long. SEE ALSO: Elon Musk says he'll give every kid in America a SpaceX share in 2027 President Donald Trump established DOGE within days of his inauguration last January, tasking vocal supporter Musk to lead it in reducing alleged government overspending.

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SpaceX and Tesla have formed special committees to discuss the possibility of a merger, Elon Musk has revealed during the former's earnings call for the third quarter of 2026. Musk, who serves as CEO for both companies, said the committees were formed at the request of shareholders. The committees are made up of independent directors from SpaceX and Tesla. Musk himself can't be part of the discussions, as someone who's considered a "conflicted party," along with his brother Kimbal Musk. Based on the corporate information listed on the companies' websites, Tesla has seven independent directors, while SpaceX has six. However, Ira Ehrenpreis, the chairperson for Tesla's Compensation and Nominating and Governance committees, also joined SpaceX's board in February.

Why does Elon Musk want to merge Tesla and SpaceX? Elon Musk has spent years building Tesla and SpaceX into a pair of trillion-dollar technology empires. Now, he is considering bringing them together . Asked on Tuesday whether a merger would be a good idea, Musk was clear: Yes. The prospect is more than hypothetical.

Elon Musk has revealed that SpaceX and Tesla are exploring a possible merger, a tie-up that would create a corporate colossus worth more than $3 trillion. Musk said on Tuesday that his two largest companies had established special committees to explore a merger. "They've got to come up with something, and then that's got to be put to the shareholders as a vote," Musk said on a SpaceX earnings call. Musk, the world's richest man with a net worth of more than $900bn, said that a merger would need to clear the "high hurdle" of a 50 percent vote among Tesla shareholders "Some people out there assume that a SpaceX and Tesla merger is a certainty, and I think that would be overstating it," Musk said. "Do I think it would be a good idea? But at the end of the day, the shareholders have to be supportive of this."

Anthropic and Elon Musk's SpaceX have committed billions of dollars in stocks to benefit the public all while dodging accountability. The Hyperloop track failed to materialize and was dismantled in 2022. Get your news from a source that's not owned and controlled by oligarchs. Elon Musk's SpaceX and AI giant Anthropic have said they will give billions of dollars in shares to the public as general sentiment around the technology's economic and societal consequences continues to plummet. "Next year, I will give one of my SpaceX shares to every kid in America," Musk posted on X on Monday.

Tesla CEO and X owner Elon Musk attends the VivaTech conference in Paris on 16 June 2023. Tesla CEO and X owner Elon Musk attends the VivaTech conference in Paris on 16 June 2023. This was originally published in TechScape, a newsletter about how technology shapes our lives. Elon Musk's SpaceX is the single largest satellite operator in the world, larger than any government space bureau. The life-threatening consequences of that dominance and centralization of power are on full display.

Getting Technical with Mashable Look Up Mashable's Best: E-readers, robovacs, laptops, earbuds, smart home and more Mashable Selects Gift Ideas For Everyone On Your List Say More Versus Trending Now In My Bag Mashable @Home Top creators, ranked Creator Playbook All Series Elon Musk says he'll give every kid in America a SpaceX share in 2027 Musk claims he will donate the shares through'Trump accounts.' Matt Binder joined Mashable's tech vertical in 2018, where he covers social media, tech policy, cybersecurity, online scams, cryptocurrency, AI, creator news, weird tech, and other related tech beats. Elon Musk claims he will donate one of his SpaceX shares to every child in the U.S. in 2027. Will your child become a SpaceX shareholder? They will if Elon Musk lives up to his promise -- something he doesn't have a very good track record of doing.

Get ready for a Tesla megamerger with SpaceX. This gift link is valid through . There was an error with your gift link. Become a member to share 10 free articles a month. This gift link is valid through .

Billionaire Tesla CEO Elon Musk is once again pouring hundreds of millions of dollars into a US election - this time with the aim of helping Republicans maintain their control of Congress. Musk donated upwards of $200m (£150m) in the quarter that ended on 30 September, according to Federal Election Commission (FEC) filings reviewed by the BBC. The fillings were released with just over two weeks until the 2026 midterm election, where many races for the House of Representatives and Senate are close and Republicans risk losing their majorities in both the House of Representatives and Senate. Musk also put significant money, $290m, and effort into helping elect President Donald Trump and other Republicans in 2024. Here is where the richest person in the world has been donating this time around, and what it might mean for his businesses.