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 Los Angeles Times
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Los Angeles Times

2026-10-20T23:31:15.000Z

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SpaceX considers Tesla merger following profit surge

SpaceX considers Tesla merger following profit surge

SpaceX reported its first profitable quarter, with $4.4 billion in net income and substantial revenue growth across its launch, communications, and artificial intelligence divisions. The company showcased strong momentum in its core segments, especially with its Starlink satellite internet service and ambitious Starship rocket program, which aims to achieve fully reusable orbital flights. Additionally, Elon Musk disclosed that SpaceX and Tesla are exploring a potential merger to enhance cooperation on superintelligence software development, prompting a significant increase in SpaceX stock value.

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