Mask plans Tesla and SpaceX merger
Technology billionaire Elon Musk has suggested that his companies Tesla and SpaceX are considering a merger, with both companies forming special committees to study this possibility at the request of shareholders. Although Musk expresses the belief that combining the two companies could be a good idea, he indicated that approval for the merger would require the consent of at least 50% of Tesla's shareholders. SpaceX achieved a record profit of $4.4 billion in the last quarter, after years of losses, due to success in satellite internet and artificial intelligence ventures, with revenues reaching $14.6 billion—surpassing analyst expectations. As for Musk, who holds significant stakes in both companies, this step could potentially enhance his capabilities and investments, but no final decision has been made yet.
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