Elon Musk Confirms Talks on Possible SpaceX-Tesla Tie-Up
Elon Musk, head of SpaceX and Tesla, said on Tuesday, October 20, 2026, on the sidelines of SpaceX's earnings presentation, that a merger between SpaceX and Tesla would be a "good idea," while clarifying that it was not "a certainty." His comments come as speculation about a tie-up between the electric vehicle maker and the space company has intensified in recent weeks.
"There would be a lot of benefits to combining the companies," said the world's richest man, noting that SpaceX and Tesla are already connected through several joint projects, from artificial intelligence (AI) to chip manufacturing.
Elon Musk confirmed that discussions are underway about a possible merger: "I think it would be a good idea, but the decision ultimately rests with the special committees of both companies." Special committees have been formed at SpaceX and Tesla to discuss a potential union. Elon Musk emphasized that no decision has been made yet.
A period of strong growth for SpaceX
SpaceX posted its first profit since going public. Revenue related to AI has increased more than ninefold to reach $7.6 billion, coming mainly from leasing computing capacity. Capital expenditures nearly tripled to $19.6 billion, as SpaceX invested in its IT infrastructure. Elon Musk also said he expects SpaceX to generate recurring annual revenue between $500 billion and $1,000 billion by the end of 2027.
Following Elon Musk's statements, SpaceX shares rose 8% in after-hours trading. Speculation about the space company acquiring the electric vehicle maker has recently gained momentum, with Barclays suggesting last week that a deal could be announced before Tesla's annual general meeting in December.
This article was automatically translated from French. Read the original version: https://www.journaldunet.com/business/1556919-elon-musk-confirme-des-discussions-sur-un-rapprochement-entre-spacex-et-tesla/