Musk says SpaceX-Tesla merger a ‘good idea’ as AI revenue jumps ninefold
Summary
Elon Musk said he supports exploring a Tesla–SpaceX merger, but stressed it is not certain. Independent director committees at both companies are discussing the proposal and have not agreed on terms. Any deal would require shareholder support, including approval from at least 50% of all Tesla shares. SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year, with its AI segment contributing $7.6 billion. A merger would combine Tesla and SpaceX’s reported Bitcoin holdings of 30,221 BTC.
