SpaceX and Tesla Explore Merger, Musk Says Good Idea
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Elon Musk confirmed that SpaceX and Tesla are exploring a merger. After SpaceX’s earnings call on October twenty, 2026, Musk said both companies have independent director committees studying the possibility. He added that he cannot participate in the discussions because he is a conflicted party, but he believes the merger would be a good idea. The discussion follows SpaceX’s strong Q3 results, with sales of fourteen point six billion dollars and net income of four point four billion dollars, driven largely by AI compute contracts and Starlink. Tesla’s Q3 revenue was about twenty eight billion dollars, with net income falling forty‑three percent to seven hundred eighty‑seven million dollars, as the company expands robotaxi operations and AI initiatives.
Timeline
- On October 20 2026 SpaceX releases Q3 earnings, strong AI growth.
- On October 21 2026 Musk announces merger exploration, independent committees formed.
Sources
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