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EconomyMusk says SpaceX and Tesla are exploring historic merger

Elon Musk said SpaceX and Tesla have formed special committees to examine a possible merger, which he believes has considerable merit because of their complementary AI work. No proposal has been agreed, and Tesla shareholders would have to approve it. The combined company would be worth more than $3 trillion. SpaceX also reported its first quarterly profit, posting $4.4bn for July–September.

Corporate mergersSpaceXTeslaElon Musk

People in this report Elon Musk

AAl Jazeera★★★☆☆2026-10-21 03:51Original

Musk says SpaceX and Tesla are exploring historic merger
Musk says SpaceX and Tesla are exploring historic mergerEconomy