{
  "id": 15818162,
  "title": "Musk says backs SpaceX-Tesla merger as rocket firm turns profit",
  "url": "https://urgent.news/2026/10/20/musk-says-backs-spacex-tesla-merger-as-rocket-firm-turns-profit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T22:49:10.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/21/musk-says-backs-spacex-tesla-merger-as-rocket-firm-turns-profit"
  },
  "original_language": "en",
  "account": "Elon Musk has stated that he would support a merger between SpaceX and Tesla following the rocket and AI company's first quarterly profit since going public. SpaceX reported a net income of $4.4 billion for the July-September period, a significant turnaround from a $1.1 billion loss a year prior. Revenue increased by 161% to $14.6 billion, driven by deals to rent out computing power to AI firms. Musk described the potential tie-up as \"a good idea,\" but acknowledged it as a \"minefield\" due to the conflict of interest he faces. Special committees of independent directors for both companies have been established to study the idea, but Musk emphasized that no terms have been agreed upon and there is no certainty of a deal. Any merger would require the backing of a majority of Tesla shares, a challenging hurdle. Musk also highlighted potential synergies in AI software, chip design, robotics, and space-based computing between the two companies.",
  "summary": "Elon Musk says special committees of independent directors at both SpaceX and Tesla have been set up to study the idea of a merger at the request of shareholders.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "SpaceX investors, ahead of results, press Musk on Tesla merger",
        "url": "https://urgent.news/2026/10/20/spacex-investors-ahead-of-results-press-musk-on-tesla-merger-15785709",
        "published": "2026-10-20T18:13:28.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "SpaceX investors, ahead of results, press Musk on Tesla merger",
        "url": "https://urgent.news/2026/10/20/spacex-investors-ahead-of-results-press-musk-on-tesla-merger",
        "published": "2026-10-20T18:18:27.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "Elon Musk says SpaceX and Tesla discussing possible merger",
        "url": "https://urgent.news/2026/10/20/elon-musk-says-spacex-and-tesla-discussing-possible-merger",
        "published": "2026-10-20T20:31:32.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Musk says he backs SpaceX-Tesla merger as rocket firm turns profit",
        "url": "https://urgent.news/2026/10/20/musk-says-he-backs-spacex-tesla-merger-as-rocket-firm-turns-profit",
        "published": "2026-10-20T22:17:41.000Z"
      },
      {
        "outlet": "MarketWatch Top",
        "title": "Tesla’s stock rises as Elon Musk drops new clues about a possible SpaceX merger",
        "url": "https://urgent.news/2026/10/20/teslas-stock-rises-as-elon-musk-drops-new-clues-about-a-possible",
        "published": "2026-10-20T22:33:00.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Musk says backs SpaceX-Tesla merger as rocket firm turns profit",
        "url": "https://urgent.news/2026/10/20/musk-says-backs-spacex-tesla-merger-as-rocket-firm-turns-profit-15818558",
        "published": "2026-10-20T22:49:10.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Musk says SpaceX-Tesla merger is 'a good idea' as companies form deal committees",
        "url": "https://urgent.news/2026/10/21/musk-says-spacex-tesla-merger-is-a-good-idea-as-companies-form-deal",
        "published": "2026-10-21T01:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}