Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company
The remarks sent SpaceX shares up 4.9% in extended trading.
Elon Musk expressed his support for a merger between SpaceX and Tesla on Tuesday, stating that such a union would be a "good idea." The companies have reportedly set up special committees to explore the possibility of a merger. Following the announcement, shares of the space and technology company increased by 4.9% in extended trading.
Earlier, SpaceX revealed its first profit as a publicly-traded company, with Musk projecting an annual revenue run rate of up to $1 trillion. The Tesla owner has previously hinted at the idea, noting the growing overlap between the two businesses. Recently, speculation has intensified regarding a potential acquisition of SpaceX by Tesla, with Barclays suggesting that a deal might be announced before Tesla's annual meeting in December.
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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
