Elon Musk confirms Tesla-SpaceX merger being considered
·2 min read
Compiled by KHAO Editorial
— aggregated from 7 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
Elon Musk has said he likes the idea of a merger of Tesla and SpaceX, two of his most notable companies, and it is under active consideration.
Key facts
With Tesla valued roughly $1.5 trillion and SpaceX valued at $2 trillion, a combination of the two companies would mark one of the largest mergers in history
That line of business has become the most profitable part of SpaceX, bringing in $7.5bn according to the latest quarterly results
SpaceX as a whole, however, is not profitable and has lost $1.1bn so far this year
Shares of Tesla, which reports its own quarterly results on Wednesday, rose 2% after being down slightly for weeks
Summary
While Musk noted the certainty of such a merger should not be assumed, and it would need shareholders' support, he said special committees within both companies have been formed to examine the move. "The special committees have not reached agreement on terms of any transaction and there's no guarantee that they will," Musk added. With Tesla valued roughly $1.5 trillion and SpaceX valued at $2 trillion, a combination of the two companies would mark one of the largest mergers in history. The company, which builds space rockets and Starlink internet satellites, is now expanding into offering cloud compute capacity for other tech companies, like Anthropic and Google.