Newsbite
Economy

Elon Musk Supports Potential $3.5 Trillion SpaceX-Tesla Merger

Arjun PatelSource: hindustantimes.com
Updated 6d ago
Elon Musk Supports Potential $3.5 Trillion SpaceX-Tesla Merger
Elon Musk Supports Potential $3.5 Trillion SpaceX-Tesla MergerSource: hindustantimes.com
Text size

Elon Musk has expressed support for a potential merger between SpaceX and Tesla, citing the benefits of combining their operations to accelerate technological advancements in areas like AI and robotics. The deal, if approved, would create a single company worth around $3.5 trillion, with Tesla shareholders gaining exposure to SpaceX's Starlink service and SpaceX investors gaining a stake in Tesla's vehicle manufacturing operations.

Selected by topic, desk, and recency.

More from Economy →

Read next

Economy

DK Shivakumar Warns Bengaluru Tech Firms

Karnataka Chief Minister DK Shivakumar has warned private companies of action if they deny jobs to Kannadigas. A viral video alleged language-based discrimination in Bengaluru's IT sector, with some companies favoring candidates from neighboring states. Shivakumar emphasized the state's pride in Kannada talent and vowed to address employment concerns, but no company has been identified for action.

Read story

More to read

More reporting from Newsbite

All stories