Elon Musk backs SpaceX-Tesla merger after SpaceX turns first profit

ru.euronews.com (Russian) —

Elon Musk said he would support a merger of SpaceX and Tesla after SpaceX reported its first quarterly profit since going public. The results were driven by AI computing contracts. Musk acknowledged the idea was "a good idea" but said he felt like "tap dancing through a minefield." Shareholder committees of independent directors at both companies are studying the proposal, though no terms are agreed and any deal faces a high approval threshold. SpaceX posted a net profit of $4.4 billion on revenue of $14.6 billion, up 161%. Its AI unit, now called "Super Intelligence," became the largest revenue source, surpassing Starlink, with revenue of $7.6 billion.


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Elon Musk backs SpaceX-Tesla merger after SpaceX turns first profit | News Minimalist