Musk confirms SpaceX-Tesla merger a ‘good idea’ as AI revenue climbs ninefold
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A merger would bring Tesla into the same corporate group as Grok developer SpaceXAI and social media platform X.
Key facts
SpaceX’s Super Intelligence segment generated $7.6 billion in third-quarter revenue, an 830% increase from a year earlier, making it the company’s largest revenue contributor
Musk’s comments followed SpaceX’s third-quarter earnings report, which showed revenue rising 161% year over year to $14.6 billion, driven largely by its “Super Intelligence” AI segment
Elon Musk said he likes the idea of merging Tesla with SpaceX in a potential move that would create a roughly $3.5 trillion technology giant combining AI, space exploration and electric vehicle
Based on those disclosures, a combined company would hol d 30,221 BTC, which would make it the sixth-largest public Bitcoin treasury company, beating crypto exchange Bullish
Summary
Elon Musk said he likes the idea of merging Tesla with SpaceX in a potential move that would create a roughly $3.5 trillion technology giant combining AI, space exploration and electric vehicle manufacturing. Musk said that both SpaceX and Tesla have formed special committees of independent directors to discuss the idea at the request of shareholders, though he isn’t able to take part in the discussions due to being a conflicted party. “There’s a lot to be gained from cooperating on developing superintelligence software, chip design, the Terafab, obviously, robotics, mass to orbit with the Starmind constellation.