News for Agent

Daily business news: funding, M&A, launches

Leadership

SpaceX Board Member Donald Harrison Resigns as Company Weighs Tesla Merger

By ·

Key takeaways

  • Donald Harrison resigned from SpaceX's board after more than a decade as an independent director.
  • SpaceX and Tesla have each formed special committees to assess a proposed merger, with no definitive terms agreed.
  • Elon Musk is excluded from the committees because of conflicts of interest.
  • Prediction market odds put a merger announcement by December 31 at 9.5% and by January 1, 2028 at 68.5%.

Donald Harrison, a SpaceX board member for more than a decade, has resigned as the company evaluates a proposed merger with Tesla, Crypto Briefing reported on November 6, 2026. Harrison's departure comes while independent directors consider Elon Musk's push for the combination.

Harrison's Exit and the Merger Committees

Harrison joined the board in 2015 as part of Google's investment in Musk's rocket, satellite and AI company, Bloomberg reported. He remains an independent director and works for Alphabet.

SpaceX and Tesla have each formed special committees to assess the potential merger, according to Crypto Briefing. No definitive terms have been agreed. Musk is excluded from the committees because of conflicts of interest.

Prediction market pricing put the odds of a merger announcement by December 31 at 9.5% YES, Crypto Briefing reported. The odds for a January 1, 2028 announcement stand at 68.5% YES, with a July 1, 2027 contract at 55%.

Tesla said it will end Cybertruck production at Giga Texas by mid-2027 to make room for Cybercab, 247wallst reported. Tesla also announced it will enter Argentina on November 20, 2026, with a Model Y display at Unicenter in Martínez, according to LA NACION.

Earlier SpaceX Board and Revenue News

Bloomberg reported on November 6, 2026 that Harrison was resigning one day after the US election, having served on the board since 2015.

On the same date, Bloomberg reported that Musk said SpaceX's US government-funded contracts will make up less than 10% of revenue this quarter, down from 16.6% in the most recent quarter.

Bloomberg also reported on November 5, 2026 that Texas Governor-elect Gina Hinojosa requested no action on the sale of Boca Chica State Park to SpaceX during her transition, after speaking with the Texas Parks & Wildlife Department head.

Leadership Moves Across Advisory Firms

Commited, a North West IT support firm, appointed Anja Berg as CFO, bringing M&A experience from Babble, BusinessCloud reported on November 5, 2026. The firm has made 16 acquisitions in seven years and serves over 2,500 customers.

PR Newswire reported on November 4, 2026 that Ben Zinder joined PKF Investment Banking as Managing Director and Co-Head, bringing 18 years at Solomon Partners and work on more than 40 M&A and capital-raising transactions worth over $30 billion.

Business News Today reported on November 3, 2026 that Neo Group entered investment banking and appointed Vikas Khattar as co-founder and executive vice chairman to lead the new vertical.

PR Newswire reported on November 2, 2026 that Bain & Company appointed Jeff Haxer as global head of its M&A and Divestitures practice, succeeding Les Baird, and Sinead Mullen as Americas Regional Practice Lead.

Companies in this story

Sources

Machine-readable: Markdown · JSON