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# Today's Scan
- URL: https://adjacent.media/scan/2026-10-21-pm/
- Published: 2026-10-21T23:17:53.000Z
- Updated: 2026-10-21T23:17:53.000Z
- Description: Musk moved from “would be a good idea” to boards forming special committees in about a day. The Tesla–SpaceX merger is now a formal process. Europe’s venture market posted a strong quarter, and an AI-infrastructure company reassured its staff about demand.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

Musk moved from "would be a good idea" to boards forming special committees in about a day. The Tesla–SpaceX merger is now a formal process. Europe's venture market posted a strong quarter, and an AI-infrastructure company reassured its staff about demand.

> **$3.6tn** — the FT's tally for the combined Tesla–SpaceX empire. *(Financial Times)*

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### Today's Scan

#### [SpaceX and Tesla boards form special committees to review merger](https://techcrunch.com/2026/10/20/spacex-and-tesla-boards-form-special-committees-to-review-merger/?ref=adjacent.media)

Musk supports the idea but recused himself from both committees, which consist of independent directors. *(TechCrunch)*

#### [Rockets, robots and risk: Musk's $3.6tn gamble to merge Tesla and SpaceX](https://www.ft.com/content/e598bbc7-8211-436f-a57e-46c3ae21ac0f?syn-25a6b1a6=1&ref=adjacent.media) (paywall)

The FT says shareholders and global regulators will need convincing. *(Financial Times)*

#### [Europe's tech funding rebounds to €27.8B, fuelled by billion-euro mega-rounds](https://tech.eu/2026/10/21/europes-tech-funding-rebounds-to-eur278b-fuelled-by-billion-euro-mega-rounds/?ref=adjacent.media)

Q3 spread across 732 deals, with mega-rounds accounting for most capital deployed. *(Tech.eu)*

#### [Nscale boss seeks to reassure staff amid AI market jitters](https://www.ft.com/content/9bc15db9-08b4-40f1-b814-24a52eed8ebc?ref=adjacent.media) (paywall)

Josh Payne said demand remains "insatiable" and cited more than $100B in contracted revenue, with a listing still targeted for year-end. *(Financial Times)*