Musk says SpaceX and Tesla are exploring a possible combination
Elon Musk said he sees considerable merit in merging SpaceX and Tesla; a deal would be the largest corporate merger ever.
AI illustrationElon Musk has said that SpaceX and Tesla, the two big companies he leads, are exploring a deal to combine. He said he sees considerable merit in merging the firms and that much could be gained from bringing them together.
A combination of SpaceX and Tesla would be the largest corporate merger ever, news organisations reported.
According to reports, shares of the companies jumped after Musk disclosed the talks.
Tesla's third-quarter profit reportedly declined, while the carmaker generated more cash than analysts had expected, giving investors a mixed picture.