DevelopingEconomy
SpaceX Q3 results and Tesla merger talks
Musk confirmed that SpaceX and Tesla are exploring a merger, with special committees formed, which would create a company worth about $3.5 trillion. SpaceX says any deal needs Musk's approval even though he has recused himself from the talks. Advisers reportedly want an announcement by H1 2027, and Reuters says insiders fear Musk's comments could delay talks by weeks. Tesla reported flat Q3 revenue of about $28bn.
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- 20 Oct
Al Jazeera EnglishWed 21 Oct · 01:40 UTC
Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company. He confirmed…
Developments
Thursday 22 October
3 developments21:10 UTC· the latest
SpaceX says Tesla merger needs Musk's approval despite recusal
SpaceX said a potential merger with Tesla would require approval from controlling investor Elon Musk, even though he has recused himself from the talks because of conflicts of interest.
1 sourceReuters
ReutersBlueskyThu 22 Oct, 21:10
SpaceX says potential Tesla merger would need Musk's approval SpaceX said on Thursday its potential merger with Tesla will require controlling investor Elon Musk's approval, even though the entrepreneur has recused himself from talks between his two companies because of confli
The original post
05:25 UTC
Insiders fear Musk's merger comments could delay SpaceX-Tesla deal
Reuters sources say Musk's public endorsement of the roughly $3.5 trillion merger rattled some insiders, who worry it could invite shareholder scrutiny and delay the process by several weeks.
2 sourcesReuters, Techmeme
ReutersBlueskyThu 22 Oct, 05:25
EXCLUSIVE: Musk’s public endorsement of SpaceX-Tesla deal may throw a wrench in talks Some insiders involved in the discussions worry his comments could invite shareholder scrutiny and delay the process by several weeks.
The original postTechmemeRSSThu 22 Oct, 06:45
Source: Musk's public endorsement of a potential SpaceX-Tesla merger rattled some insiders, who worry his comments could invite shareholder scrutiny and delays (Milana Vinn/Reuters) Milana Vinn / Reuters: Source: Musk's public endorsement of a potential SpaceX-Tesla merger rattl
The original post
00:30 UTC
Advisers push SpaceX-Tesla merger announcement by H1 2027
Bloomberg, citing sources, reports Musk's advisers want to announce the roughly $3.7 trillion merger by the first half of 2027 so it can close while Trump remains in office.
2 sourcesBloomberg, Techmeme
BloombergBlueskyThu 22 Oct, 00:30
Elon Musk wants to combine Tesla and SpaceX in a $3.7 trillion deal. He’s rushing to get it done before Trump leaves office Time is running out to pull off the $3.7 trillion merger before political and financial environments take a turn.
The original postTechmemeRSSThu 22 Oct, 01:05
Sources: advisers within Elon Musk's empire are pushing to announce a SpaceX-Tesla merger by H1 2027 so it can close while President Trump remains in power (Bloomberg) Bloomberg: Sources: advisers within Elon Musk's empire are pushing to announce a SpaceX-Tesla merger by H1 2027
The original post
Wednesday 21 October
3 developments20:11 UTC
Tesla Q3 beats on EPS as profit falls, Musk silent on merger
Tesla posted $28.05bn revenue and $0.48 EPS versus $0.44 expected, with net income of about $1.7bn and positive cash flow. Musk told the call he had said everything necessary about the SpaceX merger the day before.
8 sourcesBloomberg, Insider Paper, The Verge, Reuters, TechCrunch, Ars Technica, The Guardian · World
BloombergBlueskyWed 21 Oct, 20:11
Tesla’s third-quarter profit beats estimates, potentially assuaging concerns about its in investment into new areas such as robots and AI. Follow our live blog for updates ⤵️
The original postInsider PaperTelegramWed 21 Oct, 20:17
BREAKING: Tesla Q3 earnings beat Wall Street estimates - Revenue: $28.05B vs $28.13B expected - EPS: $0.48 vs $0.44 expected - Automotive revenue: $20.56B vs $19.83B expected
The original postThe VergeRSSWed 21 Oct, 20:22
Flying Roadsters can’t lift Tesla’s flat Q3 revenues As the smoke clears from its outrageous Roadster demo, Tesla reported Q3 earnings on Wednesday - and the cold reality is that revenue has flatlined. Tesla said it earned $1.7 billion in net income on $28.0 billion in revenue i
The original postReutersBlueskyWed 21 Oct, 20:30
Tesla posts surprise positive cash flow on lower-than-expected AI spending Tesla reported a surprise positive cash flow for the third quarter on Wednesday as it spent far less on its AI and robotics ambitions than analysts expected at a time when the EV maker is weighing a merg
The original postTechCrunchRSSWed 21 Oct, 20:33
Tesla stars Optimus robot production in California as profit falls 43% Tesla's revenue was flat and its expenses skyrocketed as it pressed the accelerator on its Optimus robots, AI, and autonomous driving.
The original postBloombergBlueskyWed 21 Oct, 21:07
Tesla’s third-quarter profit beat estimates, potentially assuaging concerns about the electric vehicle maker’s rise in investment into new areas such as robots and AI Tesla Inc.’s third-quarter profit beat estimates, potentially assuaging concerns about the electric vehicle make
The original postArs TechnicaRSSWed 21 Oct, 21:35
Tesla profits drop 43% in Q3 Tesla’s once-booming energy storage business also shrunk in Q3 2026.
The original postThe Guardian · WorldRSSWed 21 Oct, 23:03
Tesla beats earnings projections after Musk floats SpaceX merger plan Musk says ‘there’s a lot of merit’ to potential merger that would require approval of 50% of all Tesla shareholders, but he declined to elaborate Investors were paying close attention to Tesla’s third-quarter
The original post
03:20 UTC
Terafab chip venture targets 2028 volume production
Musk said on the SpaceX call that the SpaceX-Tesla Terafab venture aims for volume chip production by Q3 2028, and that ASML and other suppliers have expedited machine deliveries.
2 sourcesReuters, Bloomberg
ReutersBlueskyWed 21 Oct, 03:20
SpaceX and Tesla's Terafab targets 2028 for volume chip production, Musk says The chip manufacturing joint venture between SpaceX and Tesla called Terafab aims to reach volume production by the third quarter of 2028, Elon Musk said on a SpaceX conference call on Tuesday.
The original postBloombergBlueskyWed 21 Oct, 03:30
ASML and other key providers of chipmaking machines have expedited supplies for Tesla and SpaceX’s Terafab, Elon Musk said, signaling that the billionaire is making fast progress on an ambitious semiconductor project ASML Holding NV and other key providers of chipmaking machines
The original post
01:19 UTC
Musk confirms SpaceX and Tesla exploring merger
Musk said a merger would be 'a good idea' and that special committees have been formed to consider it, creating a roughly $3.5 trillion company.
4 sourcesAl Jazeera, Al Jazeera English, Reuters
Al JazeeraRSSWed 21 Oct, 01:19
Musk confirms SpaceX and Tesla exploring merger Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company.
The original postAl Jazeera EnglishXWed 21 Oct, 01:40
Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company. He confirmed special committees have been formed to consider the idea.
The original postReutersBlueskyWed 21 Oct, 02:30
Explainer: Why would Musk merge SpaceX and Tesla? Elon Musk believes a merger between Tesla and SpaceX is a good idea, he said on Tuesday, publicly backing an idea that would create one of the most valuable companies in the world, worth about $3.5 trillion.
The original postReutersBlueskyWed 21 Oct, 02:40
A possible SpaceX-Tesla merger? Here's what people are saying Elon Musk said on Tuesday that a merger of his two companies, SpaceX and Tesla , would be "a good idea" and that they had formed special committees to discuss a union.
The original post
Tuesday 20 October
2 developments21:30 UTC
Musk says SpaceX and Tesla form committees to explore merger
On the earnings call Musk said independent special committees were set up, called a merger a 'good idea' and said there was no guarantee of agreed terms.
7 sourcesThe Verge, Bloomberg, Techmeme, Ars Technica, TechCrunch, BBC World, The Japan Times
The VergeRSSTue 20 Oct, 21:30
Tesla and SpaceX are discussing a possible merger, Musk says Tesla and SpaceX have formed special committees to discuss a possible merger, Elon Musk said during the latter's third quarter earnings call Tuesday. Musk, who serves as CEO of both companies, said the special committe
The original postBloombergBlueskyTue 20 Oct, 21:38
Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step toward what would rank as the largest corporate tie-up of all time Elon Musk said SpaceX and Tesla Inc. have formed special committees to explore a potential merger,
The original postTechmemeRSSTue 20 Oct, 21:45
Elon Musk says Tesla and SpaceX have formed special committees to discuss a possible merger and calls the possibility of a Tesla-SpaceX merger a "good idea" (Andrew J. Hawkins/The Verge) Andrew J. Hawkins / The Verge: Elon Musk says Tesla and SpaceX have formed special committee
The original postArs TechnicaRSSTue 20 Oct, 22:04
Merging SpaceX and Tesla would be a "good idea," Musk says "I do think there's a lot of merit to combining the companies.
The original postTechCrunchRSSTue 20 Oct, 22:57
SpaceX and Tesla boards form special committees to review merger Elon Musk likes the idea but says he is not on either committee, which is made up of independent directors.
The original postBBC WorldRSSTue 20 Oct, 23:24
Elon Musk says Tesla-SpaceX merger being considered Musk says special committees within both companies have been formed to look at a possible mega-merger.
The original postThe Japan TimesRSSTue 20 Oct, 23:29
Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company The remarks sent SpaceX shares up 4.9% in extended trading.
The original post
20:09 UTC
SpaceX posts first public-company profit as AI revenue surges
Q3 revenue rose 161% to $14.6bn and net profit was $4.4bn; AI revenue was $7.6bn, Starlink had 13.6m subscribers and capex hit $19.6bn.
9 sourcesBloomberg, Insider Paper, Techmeme, The Verge, TechCrunch, Reuters
BloombergBlueskyTue 20 Oct, 20:09
SpaceX third-quarter earnings top estimates, moving shares higher. Follow our live blog for updates ⤵️
The original postInsider PaperTelegramTue 20 Oct, 20:26
BREAKING: SpaceX posted its first quarterly profit as a public company on Tuesday with revenue more than doubling, driven by its artificial intelligence business - Revenue: $14.6 billion, up 161% year-over-year. - Net Profit: $4.4 billion, compared with a $1.1 billion loss a ye
The original postTechmemeRSSTue 20 Oct, 20:26
SpaceX reports Q3 revenue up 161% YoY to $14.58B, vs. $12.72B est., AI revenue up 830% to $7.56B, and AI operating income of $431M, up from a loss of $1.7B (Lora Kolodny/CNBC) Lora Kolodny / CNBC: SpaceX reports Q3 revenue up 161% YoY to $14.58B, vs. $12.72B est., AI revenue up
The original postThe VergeRSSTue 20 Oct, 20:26
SpaceX says big AI growth fueled revenue jump SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Spac
The original postBloombergBlueskyTue 20 Oct, 20:27
SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and s
The original postBloombergBlueskyTue 20 Oct, 20:40
🟡 SpaceX reports first quarterly profit as a public company in the third quarter 🟡 Net income, revenue outpace estimates while AI spending trails expectations Follow our live blog for updates ⤵️
The original postTechCrunchRSSTue 20 Oct, 20:40
SpaceX’s AI business is beating expectations SpaceX’s data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 5
The original postTechmemeRSSTue 20 Oct, 20:55
SpaceX reports Q3 capex of $19.6B, up from $6.9B a year earlier, and Q3 connectivity revenue, which includes Starlink, up 69% YoY to $5.2B (Becky Peterson/Wall Street Journal) Becky Peterson / Wall Street Journal: SpaceX reports Q3 capex of $19.6B, up from $6.9B a year earlier,
The original postReutersBlueskyTue 20 Oct, 21:25
SpaceX quarterly revenue jumps, beats estimates as AI business surges Elon Musk's SpaceX posted a third-quarter profit on Tuesday that blew past estimates as revenue more than doubled thanks to its surging AI business, sending its shares up 2.5% in extended trading.
The original post
What it looked like.
Wed 21 Oct · 01:40 · Al Jazeera English
Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company. He confirmed…
Musk confirms SpaceX and Tesla exploring mergerThu 22 Oct · 21:10 · Reuters
SpaceX says potential Tesla merger would need Musk's approval SpaceX said on Thursday its potential merger with Tesla…
SpaceX says Tesla merger needs Musk's approval despite recusalThu 22 Oct · 05:25 · Reuters
EXCLUSIVE: Musk’s public endorsement of SpaceX-Tesla deal may throw a wrench in talks Some insiders involved in the…
Insiders fear Musk's merger comments could delay SpaceX-Tesla dealThu 22 Oct · 00:30 · Bloomberg
Elon Musk wants to combine Tesla and SpaceX in a $3.7 trillion deal. He’s rushing to get it done before Trump leaves…
Advisers push SpaceX-Tesla merger announcement by H1 2027Wed 21 Oct · 23:03 · The Guardian · World
Tesla beats earnings projections after Musk floats SpaceX merger plan Musk says ‘there’s a lot of merit’ to potential…
Tesla Q3 beats on EPS as profit falls, Musk silent on mergerWed 21 Oct · 21:35 · Ars Technica
Tesla profits drop 43% in Q3 Tesla’s once-booming energy storage business also shrunk in Q3 2026.
Tesla Q3 beats on EPS as profit falls, Musk silent on mergerWed 21 Oct · 21:07 · Bloomberg
Tesla’s third-quarter profit beat estimates, potentially assuaging concerns about the electric vehicle maker’s rise in…
Tesla Q3 beats on EPS as profit falls, Musk silent on mergerWed 21 Oct · 20:30 · Reuters
Tesla posts surprise positive cash flow on lower-than-expected AI spending Tesla reported a surprise positive cash…
Tesla Q3 beats on EPS as profit falls, Musk silent on mergerWed 21 Oct · 20:22 · The Verge
Flying Roadsters can’t lift Tesla’s flat Q3 revenues As the smoke clears from its outrageous Roadster demo, Tesla…
Tesla Q3 beats on EPS as profit falls, Musk silent on mergerWed 21 Oct · 20:11 · Bloomberg
Tesla’s third-quarter profit beats estimates, potentially assuaging concerns about its in investment into new areas…
Tesla Q3 beats on EPS as profit falls, Musk silent on mergerWed 21 Oct · 03:30 · Bloomberg
ASML and other key providers of chipmaking machines have expedited supplies for Tesla and SpaceX’s Terafab, Elon Musk…
Terafab chip venture targets 2028 volume productionWed 21 Oct · 02:40 · Reuters
A possible SpaceX-Tesla merger? Here's what people are saying Elon Musk said on Tuesday that a merger of his two…
Musk confirms SpaceX and Tesla exploring mergerWed 21 Oct · 02:30 · Reuters
Explainer: Why would Musk merge SpaceX and Tesla? Elon Musk believes a merger between Tesla and SpaceX is a good idea,…
Musk confirms SpaceX and Tesla exploring mergerTue 20 Oct · 23:29 · The Japan Times
Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company The remarks sent SpaceX…
Musk says SpaceX and Tesla form committees to explore mergerTue 20 Oct · 23:24 · BBC World
Elon Musk says Tesla-SpaceX merger being considered Musk says special committees within both companies have been…
Musk says SpaceX and Tesla form committees to explore mergerTue 20 Oct · 22:04 · Ars Technica
Merging SpaceX and Tesla would be a "good idea," Musk says "I do think there's a lot of merit to combining the…
Musk says SpaceX and Tesla form committees to explore mergerTue 20 Oct · 21:38 · Bloomberg
Elon Musk said SpaceX and Tesla have formed special committees to explore a potential merger, a preliminary step…
Musk says SpaceX and Tesla form committees to explore mergerTue 20 Oct · 21:30 · The Verge
Tesla and SpaceX are discussing a possible merger, Musk says Tesla and SpaceX have formed special committees to…
Musk says SpaceX and Tesla form committees to explore mergerTue 20 Oct · 21:25 · Reuters
SpaceX quarterly revenue jumps, beats estimates as AI business surges Elon Musk's SpaceX posted a third-quarter profit…
SpaceX posts first public-company profit as AI revenue surgesTue 20 Oct · 20:27 · Bloomberg
SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial…
SpaceX posts first public-company profit as AI revenue surgesTue 20 Oct · 20:26 · The Verge
SpaceX says big AI growth fueled revenue jump SpaceX announced revenues of $14.6 billion in its Q3 earnings on…
SpaceX posts first public-company profit as AI revenue surgesTue 20 Oct · 20:09 · Bloomberg
SpaceX third-quarter earnings top estimates, moving shares higher. Follow our live blog for updates ⤵️
SpaceX posts first public-company profit as AI revenue surges