EconomyTesla-SpaceX merger could add $110 billion to Musk’s fortune
Elon Musk made headlines on SpaceX’s earnings call yesterday, confirming that SpaceX and Tesla have formed special committees to explore a possible merger.
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 made headlines on SpaceX’s earnings call yesterday, confirming that SpaceX and Tesla have formed special committees to explore a possible merger.
Elon Musk has confirmed that Tesla and SpaceX are discussing a possible merger. Special committees are examining a deal that could bring electric vehicles, rockets, robotics, AI infrastructure and chip manufacturing under one company. The report considers its potential effects on AI and space, as well as the risks of concentrating so much power in one person's hands.

A decade ago, Elon Musk saw little reason for SpaceX and Tesla to combine, describing their ties as “really quite tenuous.” In 2026, he is openly backing the idea, saying there is “a lot of merit” in bringing the companies together.
A day after SpaceX reported its third-quarter results, Tesla is scheduled to update investors. Elon Musk had called a SpaceX merger a “good idea.”

Altimeter Capital CEO Brad Gerstner says Elon Musk’s planned gift of SpaceX shares through Trump Accounts could mark the beginning of a broader philanthropic effort.

Elon Musk says he will give every child in the United States one SpaceX share next year, a gift valued at about $10.7bn at Friday’s closing price. Donald Trump said the shares would go into tax-friendly Trump accounts. Musk has not specified eligibility or distribution details; the pledge comes two weeks before the midterms and could also save him money on taxes.

Elon Musk said combining his rocket company with his car company would be a “good idea.”
Elon Musk has expressed support for a possible merger of SpaceX and Tesla. SpaceX also reported a sharp revenue increase and its first quarterly profit since going public.

Russian President Vladimir Putin hosted U.S. special envoy Steve Witkoff at an imperial palace on Wednesday to consider new ideas for ending the war in Ukraine. The meeting came as Washington renewed efforts to halt Europe’s bloodiest conflict since the Second World War.
Elon Musk publicly endorsed the prospect of combining Tesla and SpaceX. The deal would be the largest corporate merger ever, bringing together assets spanning electric cars, AI data centers, rockets and satellites.
