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SpaceX Revenue Surges As Elon Musk Backs Potential Tesla Merger
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Storyboard•21-10-2026, 10:06
SpaceX Revenue Surges As Elon Musk Backs Potential Tesla Merger
- •Elon Musk expressed support for a potential merger between Tesla and SpaceX, noting it could create significant benefits for both companies.
- •Discussions remain at an early stage with special committees examining the proposal, and at least 50% of Tesla shareholders would need to approve the deal.
- •SpaceX reported strong quarterly earnings with revenue rising 161% year-on-year to $14.6 billion and a net income of $4.4 billion for the quarter ended September 30, 2026.
- •Growth was primarily driven by SpaceX's Super Intelligence and Connectivity segments, with advertising revenue within the SI segment rising 19% to $538 million.
- •Musk noted that a full merger could support overlapping work in semiconductors, artificial intelligence, and software between the two companies.
Key Questions Answered
Tesla is valued at approximately $1.5 trillion, while SpaceX carries a valuation of around $2 trillion, making the potential transaction one of the largest corporate combinations ever contemplated.
SpaceX reported a 161% year-on-year revenue increase to $14.6 billion and a net income of $4.4 billion, returning to quarterly profitability.
Elon Musk noted that the proposal would face a high approval threshold, requiring at least 50% of Tesla shareholders to back the deal.
