See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
mergers and acquisitionsSpaceXTSLA
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
▼ Likely negativeTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/22/2026 | 374.67 |
| Change that session | -3.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Why a Merger With Tesla Could Be a Disaster for SpaceX
The article argues that a merger between Elon Musk's SpaceX and Tesla could be unfavorable for SpaceX investors. Both boards have formed special committees to review the deal, and Musk has recused himself while calling a combination “a good idea.” In the third quarter, SpaceX revenue more than doubled on growth in its AI infrastructure business, while Tesla revenue was flat at $28 billion, automotive revenue fell 3% to $20.5 billion, and vehicle deliveries dropped 2% to 486,532. The author says Tesla's valuation rests almost entirely on future products such as Optimus and self-driving, so SpaceX investors could overpay in a merger, and concludes they should oppose it until Tesla's valuation falls or its autonomy businesses show a clear financial impact.
- TSLA, SPCX Boards Confirm Special Committees On Potential Combination As Megapack Deals And Terafab Plans Deepen Ties
Tesla and SpaceX, both led by Elon Musk, have each formed special committees of independent directors to explore deepening their relationship, which could include a business combination, though no terms have been agreed and no deal is assured. Musk, who said he is a conflicted party, is not taking part in the committees’ discussions. In the quarter ended September 30, Tesla recorded $221 million of revenue from selling Megapacks to SpaceX and was owed $729 million in receivables from SpaceX. The companies are also jointly planning Terafab, a semiconductor plant in Grimes County, Texas, with an initial investment of about $16.8 billion, to make chips for AI, robotics and space-based computing. Tesla holds an equity stake of less than 1% in SpaceX, with a fair value of $2.9 billion as of September 30.
- Buy, Hold, or Sell Tesla Stock After Q3 Earnings & SpaceX Merger Talks?
Tesla shares fell on Thursday despite better-than-expected Q3 results, as investors questioned whether its AI and robotics initiatives can justify its premium valuation; TSLA trades at over 200X forward earnings and more than 14X forward sales. Adjusted Q3 EPS was $0.48, above the Zacks Consensus Estimate of $0.45 but down from $0.50 a year earlier. Revenue was $28.04 billion, slightly above estimates of $27.77 billion, while operating income fell 56% year over year to $718 million as operating expenses rose 39%. Management also cut its full-year capital expenditure outlook from more than $25 billion to $20 billion, and the Zacks consensus FY2026 EPS estimate has declined 5% over 60 days, from $1.78 to $1.69. The article cites stronger vehicle deliveries, improving automotive margins and a possible SpaceX merger as potential catalysts.
- Musk's wants to merge SpaceX and Tesla: Here's what to know
Musk said SpaceX and Tesla have formed special committees to study a merger, which would be worth about $3.5 trillion combined and would be the largest corporate deal in history. SpaceX, valued at about $2 trillion after a record listing this year, absorbed Musk's AI startup xAI in February, while Tesla is valued at about $1.5 trillion. Musk holds about 82 percent of SpaceX's voting power but only about 20 percent at Tesla. Dan Ives puts the odds of a deal at 90 percent by early 2027, though Musk called the requirement of a majority of all Tesla shares 'quite a high hurdle'. Loyal retail investors hold an estimated 25 to 27 percent of Tesla shares, and legal obstacles appear slight because both companies moved their incorporation to Texas from Delaware.
- CLSA Says SpaceX Merger Buzz Overshadows Tesla's Concerns, But Musk's Public Endorsement Could Reportedly Complicate Deal Talks
According to Reuters, investors are increasingly optimistic about a possible merger of Tesla (TSLA) and SpaceX (SPCX), but Elon Musk's recent public endorsement reportedly worries some insiders, as it could draw shareholder scrutiny and delay the process by several weeks. CLSA upgraded Tesla to 'Hold' from 'Underperform' and raised its price target to $400 from $310, arguing that merger prospects outweigh its longer-term concerns. Musk confirmed both companies have formed special committees of independent directors to explore the idea, but said a deal is far from certain and that he cannot take part directly in negotiations. At the time of writing, SPCX shares were down 8% and TSLA shares were down 1.3%; the article also flags risks such as valuation, regulatory scrutiny and Tesla's operations in China.
- Could a Tesla-SpaceX merger really be the next big move for Elon Musk?
Two speakers discuss a possible Tesla-SpaceX merger and the outlook for Tesla stock. Speaker A argues that SpaceX, which he calls a vertically integrated AI company, would make a powerful combination, and says he will keep focusing on Tesla's Megapack business, which is sold out in utility-grade battery storage, as well as Optimus. He says he bought in at about $100 a share three years ago and sees volatility as a friend given his long-term perspective. Speaker B views Tesla's recent results as mixed to negative, with profit down over 40%, flat revenue, and better free cash flow mainly because capital spending was cut. He says Tesla is behind Waymo in autonomous driving (800 versus 8,000) and behind China in humanoid robots, and suggests a merger could be interesting and might benefit Tesla shareholders.
Related markets
Latest news
- Cardano holders are being asked to bet $5 million on copper hitting a new record
Toto Finance is asking Cardano's treasury for 22 million ADA, about $5 million, to buy and tokenize copper, with voting closing Nov. 15. About two-thirds of the budget would buy copper stored in a COMEX-approved warehouse for 18 to 24 months before sale, while the rest covers storage, insurance, audits and Toto's work. If the full budget is spent and ADA's dollar price stays unchanged, copper would need to rise about 49.4% for the treasury to recover its investment, and there is no guarantee the treasury gets its original ADA back. Toto could receive up to 3.36 million ADA, roughly 15% of the request, and would keep its commercial rights to its tokenized-copper business. The proposal would use just over half of Cardano's remaining withdrawal allowance, which would not be replenished under existing rules.
- Bitcoin Core changes security policy as AI makes bugs easier to find
Bitcoin Core is changing its security disclosure policy because large language models have made some flaws easy to rediscover, so long embargoes offer little protection. Under the new policy, vulnerabilities deemed easily discoverable will be fixed as soon as possible across all maintained major versions, with security advisories published alongside the updates. Other flaws will follow severity-based schedules: low-severity bugs will be disclosed two weeks after the fix is released, while medium and high-severity bugs will be disclosed two weeks after the last affected release reaches End of Life, typically a year after the fix. The change follows a volunteer Bitcoin Red Team report of nearly 5,000 potential issues across 390 projects in August, though only about a fifth had been reproduced at that point.
- Asia FX steadies as oil surge weighs on risk appetite, yen holds gains
Asian currencies and the U.S. dollar were largely subdued on Friday as investors weighed rising energy costs and geopolitical tensions, while the yen held its gains after a safe-haven rally tied to concerns over global growth and tech valuations. The U.S. Dollar Index was flat at 101.60 by 03:33 GMT, near a three-week low and on track for a second straight weekly loss. USD/JPY edged up 0.1% to 156.90 after a nearly 1% drop in the previous session, as the yen reached its highest level in more than a month. Brent crude near $114 a barrel, after a 4% jump on Thursday following attacks in Saudi Arabia, raises inflation risks for energy importers such as Japan, India and South Korea. The Indian rupee extended its losses, with USD/INR up 0.3% to 95.109, while the yuan hovered near four-year lows; the Fed is expected to hold rates at 3.75%-4.00% on October 28, with ECB and BoJ decisions due on October 29 and 30.
- Securities firm with the heaviest loss in the sector in Q3 2026 revealed
APG Securities (APG) posted a pre-tax loss of nearly 108 billion VND in Q3 2026, compared with a profit of nearly 20 billion VND a year earlier, the largest loss among securities firms that have reported Q3 results. Revenue fell 21% to nearly 69 billion VND and gains from FVTPL financial assets dropped 93%, while operating expenses rose to nearly 124 billion VND, mainly due to a 119 billion VND loss on FVTPL assets. Financial expenses rose nearly 33% to 43.5 billion VND, mostly interest costs. For the first nine months, APG recorded a pre-tax loss of nearly 105 billion VND, against a profit of over 28 billion VND a year earlier, putting its 2026 pre-tax profit target of 20 billion VND under pressure.
- IonQ vs. Rigetti Computing: Which Quantum Computing Stock Is the Better Buy?
The article compares quantum computing companies IonQ (ion-based) and Rigetti Computing (superconducting). Rigetti reported Q2 revenue of $5.1 million, up from $1.8 million in 2025, but an operating loss of $28.1 million, and held $541.3 million in cash and investments; it also received a $100 million award from the U.S. Department of Commerce. IonQ posted Q2 revenue of $80.1 million and forecasts 2026 sales of $280–290 million versus $130 million in 2025, though its Q2 operating loss widened to $337.2 million from $160.6 million, and the Elisity deal involves stock valued at up to $1.3 billion. The author judges IonQ the better investment given its consistent revenue growth, says they bought IonQ shares, and notes Rigetti's price-to-sales ratio is more than six times IonQ's.
- Hoa Binh Construction dismisses a Deputy General Director
Hoa Binh Construction (HBC) dismissed Nguyen Kinh Luan from his position as Deputy General Director effective 1 November 2026, for personal reasons, and he will remain a Board member. Earlier, on 15 September 2026, Mr. Luan resigned from all his positions at the company and related entities. Separately, on 18 September 2026, the company distributed more than 51.4 million shares to 99 creditors to swap debt of nearly VND 514.2 billion, equal to 100% of the shares issued. The swapped shares are restricted from transfer for one year and are expected to be delivered within 30 days after the issuance closes.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.