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Elon Musk announced a special committee has been established to evaluate merging SpaceX with Tesla, a deal he described as a 'good idea.' Musk said he would recuse himself from the discussions due to his conflicted position, while SpaceX separately reported third-quarter revenue up 161% year-over-year.
Elon Musk announced during SpaceX's earnings call that the company plans to attempt catching both the Super Heavy booster and the Starship upper stage, known as 'Ship,' using the launch tower's mechanical arms on the vehicle's next test flight, possibly as early as next month. SpaceX shared a simulation video showing how the catch would work, marking the first attempt to recover the upper stage rather than let it splash into the ocean as in previous flights.
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year and ahead of analyst estimates, with net income of $4.4 billion versus a $1.05 billion loss a year earlier. On the earnings call, Elon Musk said he is considering combining SpaceX with Tesla and that both companies' boards have formed committees to discuss the idea.
Elon Musk said special committees at Tesla and SpaceX are evaluating a potential merger of the two companies, which together could be valued around $3.5 trillion. He emphasized no agreement has been reached and any deal would require shareholder approval, with at least 50% of Tesla shareholders needing to sign off.
In a new interview, filmmaker Alex Gibney, director of the documentary 'Musk,' said Musk's abrupt dismantling of USAID led to roughly 500,000 child deaths within a year, citing data tied to a 2025 Lancet study estimating up to 14 million deaths overall by 2030 from the funding freeze. Gibney called the cuts 'a crime against humanity' and rebuked Musk for joking that he 'put USAID into the woodchipper.'
Elon Musk confirmed on SpaceX's Q3 earnings call that both companies have set up independent committees to explore merging, but said terms haven't been agreed and a deal isn't guaranteed. Musk said he is recusing himself from the talks due to his dual leadership role, and noted any agreement would require shareholder approval. The move follows SpaceX's earlier absorption of xAI in February and ongoing joint work with Tesla on the Terafab chip project.
Elon Musk disclosed during SpaceX's Q3 2026 earnings call that both companies have set up special committees of independent directors to explore a possible merger, at shareholders' request. Musk, who leads both firms, said he and his brother Kimbal are excluded from the discussions as conflicted parties, and cautioned that no deal is guaranteed.
Elon Musk confirmed on Tuesday that he favours merging Tesla and SpaceX, and said special committees have been set up to assess the possibility. He cautioned that no agreement has been reached and a deal is not guaranteed. Tesla is valued at roughly $1.5tn and SpaceX at about $2tn, meaning a combination would be the largest corporate merger on record.
During SpaceX's earnings call, CEO Elon Musk raised the possibility of closer financial links between SpaceX and Tesla, discussed plans for a new launchpad in Louisiana, and projected the company could eventually generate $500 billion in annual revenue. The call covered several other updates on SpaceX's business trajectory, according to reporting on the session.
Elon Musk said SpaceX and Tesla have each established special committees to begin working out potential terms for a merger between the two companies. Musk cautioned that a deal is not guaranteed to happen.
Elon Musk told analysts on a SpaceX earnings call that a merger between Tesla and SpaceX is being actively explored, with special committees formed at both companies to examine terms. He cautioned no deal is guaranteed and any merger would require shareholder approval, but said he believes it has 'a lot of merit.' Tesla is valued around $1.5 trillion and SpaceX at $2 trillion, meaning a combined entity would rank among the largest mergers ever.
The Wall Street Journal reported that Elon Musk directed throttling of Starlink satellite internet service used by Ukraine's military. Musk responded on social media that any limits on speed or usage are decided by the US military and ultimately the President, not by him personally.