Elon Musk mentioned he likes the concept of merging Tesla with SpaceX in a possible transfer that will create a roughly $3.5 trillion expertise big combining AI, area exploration and electrical car manufacturing.
“Do I believe it will be a good suggestion? Sure,” Musk mentioned of the potential merger throughout a SpaceX Q3 earnings name on Tuesday.
Musk mentioned that each SpaceX and Tesla have shaped particular committees of unbiased administrators to debate the concept on the request of shareholders, although he isn’t in a position to participate within the discussions resulting from being a conflicted social gathering.
A merger would convey Tesla into the identical company group as Grok developer SpaceXAI (previously xAI) and social media platform X, which SpaceX acquired in February. The talks additionally come as SpaceX’s AI enterprise grew to become its largest income section in Q3, underscoring how central synthetic intelligence has change into to Musk’s increasing expertise empire.
“There’s rather a lot to be gained from cooperating on creating superintelligence software program, chip design, the Terafab, clearly, robotics, mass to orbit with the Starmind constellation. Connectivity,” mentioned Musk.
Nonetheless, Musk tempered expectations of whether or not a merger will finally come by way of.
“Some individuals on the market assume {that a} SpaceX and Tesla merger is a certainty, and I believe that will be overstating it,” he mentioned, including that the particular committees haven’t reached settlement on phrases of any transaction and there’s no assure that they may.
“On the finish of the day, the shareholders need to be supportive of this and significantly on Tesla’s facet we’ll want a 50% vote of all shares, not simply those that vote, however of all shareholders. And that’s fairly a excessive hurdle to attempt to obtain.”
SpaceX Q3 earnings present big AI income positive factors
Musk’s feedback adopted SpaceX’s third-quarter earnings report, which confirmed income rising 161% 12 months over 12 months to $14.6 billion, pushed largely by its “Tremendous Intelligence” AI section.
SpaceX’s Tremendous Intelligence section generated $7.6 billion in third-quarter income, an 830% improve from a 12 months earlier, making it the corporate’s largest income contributor.
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SpaceX mentioned the expansion was pushed by the activation of recent cloud companies agreements, the acquisition of Cursor and elevated adoption of its agentic AI mannequin Grok throughout enterprise and shoppers.
Mixed Bitcoin holdings would exceed 30,000 BTC
A Tesla–SpaceX merger might additionally convey two sizable company Bitcoin treasuries beneath one roof. SpaceX reported holding 18,712 Bitcoin as of June 30, whereas Tesla held 11,509 BTC on the identical date, based on their respective quarterly filings.
Based mostly on these disclosures, a mixed firm would maintain 30,221 BTC, which might make it the sixth-largest public Bitcoin treasury firm, beating crypto change Bullish.
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