- Elon Musk said on an earnings call Tuesday that SpaceX and Tesla have begun discussing a merger.
- The disclosure confirms a long-rumored joining of Musk's two ventures.
- SpaceX shares rose more than 4% in extended trading Tuesday, while Tesla rose more than 1%.
- The source reports SpaceX revenue grew 161% in the third quarter, driven by AI.
Quotes
“SpaceX and Tesla have begun discussing a possible merger, Elon Musk said during an earnings call Tuesday”