News · Yahoo Finance

Elon Musk’s Tesla and SpaceX protest NYSE parent's new plan

Tesla and SpaceX, both led by Elon Musk, are objecting to a new plan from ICE, the parent company of the NYSE. They join a growing list of companies that have raised objections to the proposal.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

Elon MuskTeslaSpaceXexchanges

Open a keyword to see other news on the same topic.

Related tickers and likely impact

TSLA

• Neutral

Tesla, Inc.

Relevance: low

MarketUS stocks
SectorConsumer Discretionary
IndustryAutomobile Manufacturers
Market cap$1.6T
Close on 11/03/2026398.22
Change that session-1.39%
TSLA price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • SpaceX or Tesla: If I Could Buy and Hold Only 1 Elon Musk Stock Through 2030, It Would be This One

    The article argues Tesla's future depends on unproven ambitions in AI, robotaxi and the Optimus robot, while its third-quarter revenue was flat at $28 billion, deliveries fell 2% to 486,532 units and GAAP net income dropped 43% to $787 million. SpaceX, by contrast, reported Q3 revenue of $14.6 billion, up 161% year over year, with its Super Intelligence segment, covering AI infrastructure and software, contributing about $7.6 billion through compute agreements with Anthropic and Alphabet. The satellite connectivity business generated $5.2 billion, up 69%, and Starlink had 13.6 million consumer subscribers at the end of September, while Starlink Mobile reached 22 million monthly users. The author would choose SpaceX over Tesla if limited to one Musk stock through 2030, citing its multiple avenues for growth.

    Yahoo Finance·TeslaElon MuskSpaceX
  • Tesla Bears Are Falling Off But Not Because Tesla's Improving

    Tesla's bears are retreating mainly because of SpaceX merger speculation, not because margins or profits are improving. The stock, at $407.46, rose 9.03% over the past week after Barclays upgraded it to Overweight from Equal Weight, citing a potential merger with SpaceX, and reports said the two companies had formed committees to discuss a merger; Tesla has issued no official release. Third-quarter revenue was $28.05B, roughly flat year over year, while operating income fell 55.79%. Bulls point to a four-year-high backlog, 486,532 vehicles delivered, active FSD subscriptions rising from 1.04 million to 1.74 million and $45.45B in cash, while free cash flow dropped 61.63% to $1.53B as capex rose 110.5%. The consensus target of $409.27 from 44 analysts sits just 0.44% above the current price, and the article keeps its Hold rating.

    Yahoo Finance·Teslamergers and acquisitionsSpaceX
  • Zacks Investment Ideas feature highlights: SpaceX and Tesla

    Elon Musk has confirmed that SpaceX and Tesla are exploring a merger, with each company forming an independent special committee to evaluate the deal. The article argues that SpaceX would have to pay a premium to win over Tesla shareholders, and that a typical 25% takeover premium would put Tesla shares near $500. It cites a friendlier regulatory environment and a 65% chance of a 2027 merger according to bettors on Polymarket. Tesla shares recently broke above their 200-day moving average after Barclays upgraded the stock to overweight and raised its price target to $450, citing merger upside.

    Yahoo Finance·mergers and acquisitionsTeslaSpaceX
  • I Wouldn't Buy Tesla Stock Betting on a SpaceX Deal. Here's Why.

    The boards of Tesla and SpaceX have each formed a special committee of independent directors to weigh a combination, Elon Musk said on SpaceX’s third-quarter earnings call on Oct. 20, though neither committee has agreed to terms. SpaceX’s third-quarter revenue rose 161% to $14.6 billion and its operating income swung to $2.8 billion, while Tesla’s revenue was flat at $28.0 billion and its operating income fell 56% to $718 million. SpaceX spent $48.1 billion on property and equipment in the first nine months, mainly for AI, leaving free cash flow of about negative $35 billion, versus about $1.9 billion positive at Tesla. The author argues the deal’s appeal depends almost entirely on the price Tesla shareholders receive, and at today’s prices it looks less attractive than SpaceX’s growth suggests. He says he would not buy Tesla shares hoping for a deal, since the terms have yet to be set.

    Yahoo Finance·• TSLATeslaSpaceXmergers and acquisitions
  • SpaceX secures $40B in financing for GPUs as Elon Musk warns of AI cloud industry consolidation

    Elon Musk said SpaceX closed $40 billion of mostly callable debt for GPUs due in Q1 and Q2 2027, while Reuters noted it was unclear whether pricing had been agreed. He credited the borrowing to SpaceX's investment-grade status and its Starlink and launch revenue, and SpaceX CFO Bret Johnsen expects fourth-quarter capex of $35 billion to $40 billion. Musk said debt markets have almost entirely shut off access to money for companies without substantial revenue outside AI data centers, predicting that more than 200 neoclouds will face death and consolidation. SpaceX's third-quarter revenue rose 161% from a year earlier to $14.58 billion. Musk called a Tesla-SpaceX merger 'a good idea,' and both companies have formed special committees to explore a deal, though Musk stressed that a merger is not certain.

    Yahoo Finance·▲ NVDANVDASpaceXElon Musk
  • Elon Musk Became the First Person Ever Confirmed With a Net Worth Above $1 Trillion in June 2026. Here's Why That Milestone Still Matters for Tesla and SpaceX Shareholders.

    After SpaceX went public in June, Elon Musk became the first person with a net worth above $1 trillion. Forbes puts his net worth at $983 billion as of Oct. 21, after a peak of $1.45 trillion and a dip below $700 billion. Most of his wealth comes from about 38% of SpaceX, locked until June 12, 2027, and nearly 11% of Tesla. He holds roughly 85% of SpaceX's voting power through its dual-class structure, while Tesla trades at about 360 times trailing earnings and SpaceX at 68 times trailing sales. Both companies have formed independent director committees to evaluate a potential merger, and Musk's pay packages tie tranches to market caps as high as $8.5 trillion at Tesla and $7.5 trillion at SpaceX.

    Yahoo Finance·• TSLAElon MuskSpaceXTesla

Related markets

US stocks →

Latest news

  • AMD Stock Surges After Hours As Q3 Sales Surge 45% On AI Boom, And Expectations For 80% Revenue Jump In 2027

    AMD reported record third-quarter revenue of $13.4 billion, up 45% year-over-year, driven by strong demand for AI processors and data center chips. Data Center revenue reached $8.5 billion, up 97%, on demand for EPYC server CPUs and Instinct MI450 accelerators, and Microsoft, Meta, OpenAI, Anthropic and Oracle have deployed AMD's server solutions. Adjusted earnings per share rose 74% to $2.09, beating analysts' expectations of $13.1 billion in revenue and $1.97 per share. By contrast, Client and Gaming revenue fell 8% to $3.7 billion, with gaming down 40% to $773 million on lower semi-custom console orders, while industry memory chip shortages and rising component prices weighed on consumer PC demand. For Q4 2026, AMD expects revenue of about $17 billion, plus or minus 3%, a 66% year-over-year increase at the midpoint and above the average analyst projection of $16.3 billion; the company expects 2027 revenue to grow more than 80%.

    Yahoo Finance·▲ NVDA▲ QQQAMDearningsartificial intelligence
  • IPG Photonics Corporation Q3 2026 Earnings Call SummaryYahoo Finance·earningstech stocks
  • GGL Resources Corp. Issues Post-Consolidation Shares to Strategic Metals Ltd.

    GGL Resources Corp. (TSX-V: GGL) has issued 1,000,000 post-consolidation shares to Strategic Metals Ltd. under a Yukon copper-gold property transaction, subject to a hold period until February 22, 2027. The transaction was announced on July 27 and October 20, 2026. As part of Exchange acceptance, GGL completed a share consolidation of four (4) pre-consolidation shares for one (1) post-consolidation share. The Canadian junior explorer's McConnell Project in British Columbia hosts mesothermal gold veins and a porphyry copper-gold prospect.

    Yahoo Finance·goldminingmineral exploration
  • US tech stocks recover after selloff spooks investors over AI spending

    US tech stocks recovered on Tuesday afternoon after a selloff over AI spending spooked investors: the Nasdaq rose 0.83% and the S&P 500 gained 0.37%, while the Dow fell 0.38% as Apple shares dropped 1.9% after it forecast a weaker-than-expected margin due to higher memory chip costs. Nvidia gained 2.3% after four sessions of declines, and AMD, Broadcom and Micron also rose. The Nasdaq posted its largest monthly decline since March 2025 in October and closed Monday in correction territory, 10% below its October 6 record close. Brent crude fell to $103 a barrel from $117 at the end of October, while investors predicted Democrats would win at least a House majority in Tuesday's midterm elections, which could lead to more AI regulation. Year-to-date, the S&P 500 is up 10%, the Nasdaq 9% and the Dow 7%.

    Yahoo Finance·▲ NVDA▲ QQQ▲ SPY▲ AMZNAI investmenttech stocksNasdaq
  • Montage Gold expects further resource growth at its Koné mine where the plant is already operating above nameplate

    Montage Gold (TSX: MAU) said drilling results from its 2026 exploration program at the Koné mine in Côte d'Ivoire increase confidence in expanding resources at higher-grade satellite deposits, while new deposits are also being discovered. The mine poured its first gold on September 26, 2026, and commercial production is well on track to be declared in Q4-2026. In October, the plant processed approximately 880,000 tonnes from the oxide circuit, operating at an average of over 90% of its 11Mtpa nameplate capacity, with 104% achieved in the last week of October. The average processed head grade was 0.82 g/t Au with recovery of approximately 95%, yielding approximately 23,460 ounces over the month. Since the 2024 Feasibility Study, the company has drilled over 375,000 meters and delineated 12 deposits, compared with 2 in that study, while the higher-grade Gbongogo Main deposit is expected to ramp up in late Q4-2026.

    Yahoo Finance·goldmining
  • AI’s control over the bond market is growing — even rivaling war and elections

    Hyperscalers have burned through their cash. Their bond deals are now helping fuel the economy.

    MarketWatch·bondsartificial intelligenceAI investment

All news →

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.