Veytics Intelligence
2026-10-20 · Yahoo

SpaceX touts possible Tesla merger after profits soar

SpaceX reported its first profit as a public company Tuesday, recording $4.4 billion in net income as well as large third-quarter revenue gains, reflecting a trifecta of growth in its launch, communications and artificial intelligence businesses. Founder Elon Musk also disclosed that the company and electric automaker Tesla have formed special committees to explore a potential merger, which would rank as the largest of all time. "I do think there's a lot of merit to combining the companies," Musk, the chief executive officer of both companies, said Tuesday on SpaceX's earnings webcast. "There's a lot to be gained from cooperating on developing superintelligence software." Read more:Elon Musk just showed off a flying car.

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