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Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company
Musk endorsing a Tesla-SpaceX merger plus SpaceX's first public profit drive relevance.
Context
What happened: Elon Musk said a merger of SpaceX and Tesla would be "a good idea" and that special committees were formed to discuss a union. SpaceX also posted its first profit as a public company.
Key numbers: SpaceX shares rose 4.9% in extended trading. Musk said the company is tracking an annual revenue run rate of up to $1 trillion. Barclays suggested a deal could be announced before Tesla's annual meeting in December.
Why it matters: The comment sent SpaceX shares higher in extended trading, and Barclays has suggested a deal could be announced before Tesla's annual meeting in December.
Coverage: 8 outlets in 24h
What changed
Elon Musk said a merger of SpaceX and Tesla would be "a good idea" and that special committees were formed to discuss a union. SpaceX also posted its first profit as a public company.
Why it matters
The comment sent SpaceX shares higher in extended trading, and Barclays has suggested a deal could be announced before Tesla's annual meeting in December.
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Oct 21, 2026 01:15 AM ET