Elon Musk said he backs a merger of SpaceX and Tesla, calling a combination “a good idea” even as he described his position as “tap dancing through a minefield.” Special committees of independent directors at both companies have been set up at shareholders’ request to study the idea, but Musk cannot take part due to a conflict of interest, and no terms have been agreed. He cautioned that a merger should not be treated as a certainty and said any deal would need a majority of all Tesla shares, which he called “quite a high hurdle.” The remarks came as SpaceX reported net income of $4.4 billion for July–September, versus a $1.1 billion loss a year earlier, with revenue up 161% to $14.6 billion driven by its AI unit renting out computing power; its shares rose nearly five percent after hours.
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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