SpaceX investors press Musk on Tesla merger as AI costs climb

On October 20, a question asking when SpaceX would merge with Tesla drew 26 votes on SpaceX’s investor platform and 128 on Tesla’s, though neither company has confirmed a deal. The same day, SpaceX reported third-quarter revenue of $14.6 billion and net income of $4.4 billion, while its AI unit posted $7.56 billion in revenue and $16.44 billion in capital spending. Tesla was due to report earnings on October 21 after selling 486,532 vehicles in the quarter. Barclays said a merger could occur before Tesla’s December 3 annual meeting, proposing an all-stock deal that would give Elon Musk 56% voting rights while holding 37% of the combined company’s stock.