Billionaire, on SpaceX earnings call, says ‘special committees’ exploring idea but no agreement reached yet As SpaceX released its second-ever public earnings report Tuesday, Elon Musk declared his support for combining the aerospace and AI company with his electric vehicle company, Tesla. He said both companies had created special committees to explore a potential merger, but have not reached any agreement on terms of a transaction. “Both SpaceX and Tesla have formed special committees to discuss this idea at the request of shareholders and these special committees are, uh, consist of independent directors,” Musk said on the call. “Because I’m a conflicted party, I can’t actually be in the discussions of the special committees.” Continue reading...
Why is Elon Musk plotting a mega-merger of SpaceX and Tesla?
Follow this story
Earlier reports and follow-ups on the same developing story.
- Tesla and SpaceX are discussing a possible merger, Musk says
- Merging SpaceX and Tesla would be a "good idea," Musk says
- Musk confirms SpaceX and Tesla exploring merger
- Elon Musk says SpaceX and Tesla exploring largest merger in history
- Elon Musk confirms talks to merge Tesla and SpaceX
- SpaceX up 10% in premarket after earnings beat and Musk hints at Tesla tie-up
Related stories
Surging fuel prices push UK inflation rate to 3.5% ahead of Budget
Inflation accelerated to 3.5% from 3.1% in the year to September, according to the Office for National Statistics (ONS).
Total UK government debt hits £3tn for first time while inflation jumps to highest in nearly a year – business live
Petrol and diesel costs rise the most in four years; UK approves controversial North Sea gasfield Jackdaw The approval of Jackdaw is an “important step” for the North Sea, according to Shell . The UK energy giant jointly owns Jackdaw operator Adura , which is headquartered in Aberdeen, together with Norway’s Equinor . This is an important step in ensuring the UK North Sea can continue to contribute to the country’s energy security and economy. Long-term energy projects depend on a competitive and stable investment environment, alongside timely and predictable regulatory decisions. Continue reading...
Oil prices climb as traders assess Middle East developments
Iran's Revolutionary Guards said Tuesday that naval mines had prevented three tankers attempting to pass through the Strait of Hormuz.
UK approves Jackdaw gasfield in North Sea
Decision was widely expected after lobbying by Shell but will dismay environmental campaigners What does the UK’s approval of the Jackdaw gasfield mean? UK politics live – latest updates Business live – latest updates The UK government has approved the controversial Jackdaw gasfield in the North Sea, a widely expected move that will nonetheless dismay environmental campaigners and a number of Labour MPs. While Labour’s 2024 election manifesto committed to a ban on new drilling licences in the North Sea, the companies behind Jackdaw and the Rosebank oilfield project, which is being decided on separately, have sought environmental approval for existing licences. Continue reading...
UK inflation jumps to 3.5% — cementing rate hike expectations
U.K. inflation rose by a hotter-than-expected 3.5% in the 12 months to September, driven by the surging cost of motor fuels.
OpenAI's most powerful AI models disabled their own safety monitoring — and one lied about it
Warnings about the risks of developing increasingly advanced AI systems have ramped up in recent months, amid cyberattacks from rogue AI models.