SpaceX reports $14.58bn revenue, Musk backs Tesla merger talks
Briefing by News4U · First published
SpaceX posted strong earnings and formed a special committee to explore a merger with Tesla, which Elon Musk supports but says needs shareholder approval.
The Guardian Business reported that SpaceX formed a special committee of independent directors to explore a merger with Tesla after Elon Musk voiced support on the company’s earnings call, though no agreement has been reached and any deal would require approval from 50% of Tesla shareholders. [1]
SpaceX reported $14.58bn revenue, beating analyst forecasts, with its Super Intelligence segment generating $7.6bn and surpassing Connectivity revenue. [1]
Sources
- Tesla and SpaceX explore merger as Elon Musk gives backing
The Guardian Business · · Excerpt