SpaceX reported quarterly net profit of $4.4 billion, beating expectations; its shares rose about 8% after hours.
Then Musk floated the possibility of a merger with Tesla.
$TSLA $SPCX
If they really do merge, the most exciting part would be sharing AI and chip R&D to avoid duplicating investment, combining their robotics technology and manufacturing capabilities to bring products to market faster, and connecting more vehicles and robots through Starlink to expand the range of applications.
From vehicles driving on the ground, to spacecraft flying in the sky, to robots doing the work—Musk seems determined to piece together a whole sci-fi universe 😂
The vision is seriously impressive! But for now, the special committees on both sides are still discussing the deal, and the terms haven’t been finalized. Whether it’s a good deal for shareholders will depend on the stock-swap ratio and the final proposal.
Then Musk floated the possibility of a merger with Tesla.
$TSLA $SPCX
If they really do merge, the most exciting part would be sharing AI and chip R&D to avoid duplicating investment, combining their robotics technology and manufacturing capabilities to bring products to market faster, and connecting more vehicles and robots through Starlink to expand the range of applications.
From vehicles driving on the ground, to spacecraft flying in the sky, to robots doing the work—Musk seems determined to piece together a whole sci-fi universe 😂
The vision is seriously impressive! But for now, the special committees on both sides are still discussing the deal, and the terms haven’t been finalized. Whether it’s a good deal for shareholders will depend on the stock-swap ratio and the final proposal.