SpaceX board member Donald Harrison resigned from the role after more than a decade, leaving the company as a group of independent directors consider a potential merger with Tesla Inc.
Harrison informed SpaceX of his intention to resign on Nov. 4, one day after the US midterm election, according to a SpaceX filing issued after the close Friday. The company said his decision was not due to any disagreement with the company.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
ALSO READ: SpaceX Agrees To $40 Billion Chip-Financing Deal With Apollo
Harrison joined the board in 2015 as part of Google's investment in Musk's rocket, satellite and artificial intelligence company. He was an independent director and still works for Google parent Alphabet Inc., leading its corporate partnerships and development team.
SpaceX and Tesla have formed special committees of independent directors to consider a potential combination, Chief Executive Officer Elon Musk said last month. There's a push to announce a deal by the first half of next year so that it closes during this administration, Bloomberg News reported.
Musk hasn't said which board members are on the companies' special committees. Harrison was among the directors SpaceX considers independent, alongside Ira Ehrenpreis, Roelof Botha, Luke Nosek, Steve Jurvetson and Randy Glein.
ALSO READ: Musk Seizes On SpaceX Momentum With Push Toward Tesla Merger
Alphabet remains one of SpaceX's leading backers, with the second-biggest shareholding after Musk. The investment weighed on the earnings results Alphabet reported last week due to SpaceX shares declining last quarter.
Google and SpaceX have rival AI models and chatbots in Gemini and Grok that compete with Anthropic PBC's Claude and OpenAI's ChatGPT.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.