Merging SpaceX and Tesla would be a "good idea," Musk says
During SpaceX's third-quarter earnings call, Musk expressed support for formally consolidating his two largest companies, SpaceX and Tesla, though acknowledged that shareholder approval would be required. The comment follows SpaceX's acquisition of Musk's AI firm xAI in February and SpaceX's record-breaking June IPO. Any merger would represent a significant consolidation within Musk's business portfolio.
Key points
- Musk stated merging SpaceX and Tesla would be 'a good idea'
- Shareholder approval from both companies would be required for any consolidation
- Comes after SpaceX acquired xAI in February and completed record IPO in June
Summary and key points written by AI from the headline and a short excerpt, so they can be incomplete or wrong. Ars Technica did the reporting; read the original for the full story.
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