EconomyMusk backs potential SpaceX-Tesla merger as rocket firm turns profitable
Elon Musk signalled support for a possible merger of SpaceX and Tesla. SpaceX also reported a sharp revenue increase and its first quarterly profit since going public.
co-president
Senior Advisor to the President for Government Efficiency (2025–2025)
| Born | 1971-06-28 · Pretoria |
|---|---|
| Citizenship | South Africa (since 1971), Canada (since 1971), United States (since 2002) |
| Party | Independent |
| Offices |
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| Education | University of Pennsylvania (BA, BS) |
| Occupation | CEO and product architect of Tesla, Founder, CEO, and chief engineer of SpaceX, Founder and CEO of SpaceXAI, Founder and CTO of X Corp., Co-founder of Neuralink, The Boring Company, OpenAI, Zip2, X.com and PayPal, President of the Musk Foundation |
| Awards | Full list |
What this person said on the record, as reported, newest first.

Elon Musk said hiring Nvidia CEO Jensen Huang would be an honor. Huang is reportedly at risk of being ousted after reports of multiple extramarital affairs, including one with a woman reportedly suspected of spying for China.
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Bloomberg News

Tesla will refund deposits to a considerable number of Cybertruck customers because it has more orders than it can process before production ends next year, CEO Elon Musk said.
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Bloomberg News

Elon Musk expects the future cost of delivering one kilogram of cargo to orbit to fall below $100, attributing the prospect to Starship’s full reusability. He also forecast that SpaceX could eventually launch its Super Heavy booster every hour.
TTASS

Elon Musk said Starlink’s bandwidth will be 100 times its current level in two to three years as new-version satellites are launched. He said V3 satellites have more than 10 times V2’s capability and will be launched at 10 times the current rate; V4 will be 10 times more powerful than V3.
TTASS

Elon Musk said SpaceX’s reliance on US government-funded contracts will keep declining, with the government accounting for less than 10% of the company’s revenue. The shift points away from what had been its most important partnership.
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Bloomberg News

Tesla CEO Elon Musk said Friday that the company will wind down Cybertruck production at its Texas Gigafactory around mid-2027. Sales of the futuristic model, once promoted as a rival to traditional pickup trucks, have remained weak.
CCBC News

Musk said Tesla will scale back Cybertruck production next year to make room for increased output of its Cybercab robotaxi. The move follows years of weaker-than-expected sales for the futuristic electric pickup.
Eeuronews

Musk said Tesla made the decision to free up capacity for increased production of its Cybercab robotaxi. The move follows years of Cybertruck sales falling short of expectations.
Eeuronews

Tesla CEO Elon Musk says production of the Cybertruck at the company’s Texas facility will wind down around the middle of next year, making room for more Cybercab production. Sales fell well short of his earlier target, dropping from about 38,965 in 2024 to 20,237 in 2025.
AAl Jazeera

Musk says Tesla plans to phase out Cybertruck production in Texas next year as it increases Cybercab output. The Cybertruck’s divisive design attracted a niche following, but sales did not reach the mass market, and Tesla has issued several voluntary recalls.
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CNBC
Reports that mention this person, by story.
Elon Musk signalled support for a possible merger of SpaceX and Tesla. SpaceX also reported a sharp revenue increase and its first quarterly profit since going public.
Elon Musk says there is “a lot to be gained” from combining Tesla and SpaceX. Special committees are assessing a possible deal, but no agreement has been reached and a merger is not guaranteed. It would be the biggest merger in history and would require shareholder backing. Analysts point to complementary technology businesses, while warning Tesla shareholders could own a smaller share of a larger, more complex company.

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.

Elon Musk said ASML and other key suppliers of chipmaking machinery have accelerated deliveries for Terafab, Tesla and SpaceX’s ambitious semiconductor project, signaling rapid progress.
Elon Musk is considering a more ambitious merger bringing SpaceX and Tesla together.

Elon Musk says SpaceX and Tesla are weighing a merger that would create a $3.5 trillion mega-company. He confirmed that special committees have been formed to consider the proposal.

Elon Musk said he favors a Tesla-SpaceX merger, and special committees at both companies are examining a possible deal. They have not agreed on terms, and completion is not assured. Shareholder approval would be required, and Musk said he is not part of either committee.

Elon Musk said Tuesday that the boards of SpaceX and Tesla had each formed a special committee to consider a merger, a small step toward potentially consolidating his two largest companies.

Elon Musk, CEO of both SpaceX and Tesla, voiced support for merging the companies during an earnings call, while saying the final decision rests with special shareholder committees at each company.
Elon Musk said Tuesday he would like to formally combine SpaceX and Tesla, his two largest companies. Speaking during SpaceX’s third-quarter earnings call, he called the idea good but said shareholders would ultimately have to support it.
