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Musk Considers Merging Tesla and SpaceX
Billionaire Elon Musk announced that his companies, Tesla and SpaceX, are currently exploring the possibility of merging, having formed independent committees to study the matter at the request of shareholders. He stated that any agreement would require approval from the majority of both companies' shareholders. This comes as SpaceX achieved record profits of $4.4 billion during the third quarter of 2026, with a significant increase in revenue, especially from AI services, satellite internet, and space services, reflecting a transformation in the company's business focus. The merger topic remains under consideration with no official announcement or timetable, representing an attempt to unify the electric vehicle, space, and smart technology industries under one umbrella.
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