SpaceX Revenue Jumps 161%, Driven by Starlink and AI
- On Wednesday, Elon Musk announced that Tesla and SpaceX formed "special committees" to discuss a possible merger, potentially creating a $3.5 trillion behemoth, though he played down chances of an imminent deal.
- Musk cited future reliance on artificial intelligence as the primary driver for the combination, saying there is "lots to be gained from cooperating on developing super intelligence" between the companies.
- Stocks for both companies rose sharply following the announcement; Forbes estimates Musk's net worth at $1.004 trillion, up $80 billion after Wednesday's trading gains.
- House Democrats have called for investigations into government efficiency work and SpaceX satellite services, citing concerns that Musk has grown too powerful to influence U.S. policy.
- Tesla faces ongoing safety investigations over driver-assistance software, while SpaceX navigates scrutiny over Ukraine satellite services as both companies balance federal regulatory pressures amid the merger discussions.
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290 Articles
Combining batteries, robotics and space technology could advance Musk's ambitions, but many benefits could come through cooperation, says Birmingham professor David Bailey
A SpaceX-Tesla megamerger could benefit both companies and Elon Musk's personal fortune
Stocks of Elon Musk's two biggest companies are rising Wednesday after he suggested a combination was in the works to form a trillion dollar colossus in possibly the biggest deal ever.
Elon Musk: This SpaceX moonshot is ‘no longer impossible’ as blowout earnings spark stock market rally
Good news for investors: SpaceX earnings came in a lot hotter than expected—some are even calling it a “blowout,” beating Wall Street expectations. Also on Tuesday, the day of SpaceX’s third-quarter 2026 earnings report, founder and CEO Elon Musk said in a post on his social media platform X: “As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible.” It’s a bold timeline even for the typically audacious Musk, who in August…
Elon Musk always points to the Moon, but with his latest proposal, his goal is even higher.
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