Musk Open to Tesla and SpaceX Combination as SpaceX AI Sales Surge

SpaceX reported third quarter revenue of $14.6 billion, up 161% from a year earlier. Its Super Intelligence division brought in $7.6 billion, an 830% jump that made it the largest part of the company. SpaceX said new cloud service contracts, the Cursor acquisition and growing enterprise and consumer use of Grok drove the gain.

Musk Says a Tesla Deal Could Make Sense

On the earnings call, Elon Musk said joining Tesla and SpaceX would be a good idea, creating a group worth about $3.5 trillion. Independent directors at both firms have set up special committees to review the idea after shareholders asked for it. Musk stays out of those talks because of his conflict of interest. He listed AI software, chip design, the Terafab, robotics, launch capacity and connectivity as areas where the two could work together.

Why a Merger Is Not Guaranteed

Musk warned against treating the deal as certain, noting no terms have been agreed. Tesla would need approval from half of all its shares, not only those voted, which he called a steep hurdle.

As of June 30, SpaceX held 18,712 BTC and Tesla held 11,509 BTC. Together that is 30,221 BTC, which would rank sixth among public companies, ahead of Bullish.