Elon Musk: SpaceX, the space travel company, reports a billion-euro profit - Tesla takeover gets closer
The satellite internet and data center business is driving profits. As CEO Musk confirms, "committees" from the space company and the automaker are discussing a merger with Tesla.
SpaceX CEO Elon Musk has confirmed that his company and Tesla have formed special committees to discuss a potential merger. The committees were established at the request of shareholders and Musk himself is not a member. According to Musk, the committees have not yet agreed on the terms of a possible transaction. Musk expressed support for the idea, citing potential benefits such as cooperation on chip design, new robots, and artificial intelligence. This development was announced during SpaceX's quarterly conference, its second since going public.
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