Economy

SpaceX and Tesla May Merge in the Multiverse of Musk

AI SUMMARY

Elon Musk is considering merging SpaceX and Tesla as both companies pursue ambitious artificial intelligence plans.

Elon Musk stated during SpaceX's third-quarter earnings call that combining SpaceX and Tesla would be a good idea.
Special committees have been formed by the boards of both companies to discuss a potential merger.
Musk will not participate in the merger deliberations because he is a conflicted party.
SpaceX reported third-quarter revenue of $14.58 billion, exceeding the expected $12.72 billion.
SpaceX adjusted earnings came in at 45 cents per share, beating forecasts of 13 cents.
The Wall Street Journal reported that Musk ordered a slowdown of a version of SpaceX's Starlink used by Ukraine.
The Starlink speed cap reportedly left some Ukrainian drones inoperable during the conflict with Russia.
Musk allegedly discussed the Starlink matter with senior Trump administration officials before imposing the cap.