Musk calls Tesla-SpaceX merger a 'good idea' as SpaceX posts first profit as a public company
Elon Musk announced on Tuesday that a merger between SpaceX and Tesla would be a good idea, as SpaceX recently posted its first profit as a public company. The company's shares rose 4.9% in extended trading following the news. Musk mentioned that the companies have formed special committees to discuss the potential union, but the final decision would lie with shareholders.
SpaceX's revenue surged 161% to $14.58 billion for the three months ended September 30, with AI revenue surging to $7.56 billion. CEO Elon Musk highlighted the company's progress in AI, stating that SpaceX's annual recurring revenue by the end of 2027 could range between $500 billion and a trillion dollars.
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- Musk calls Tesla-SpaceX merger a 'good idea' as SpaceX posts first profit as a public company channelnewsasia.com
- Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company straitstimes.com
- Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company japantimes.co.jp