Musk Backs SpaceX-Tesla Merger Idea as Combined Bitcoin Holdings Would Top 30,000 BTC

TLDR Elon Musk said a merger between Tesla and SpaceX would be a “good idea” during SpaceX’s third-quarter earnings call. Both companies have formed special committees of independent directors to review the idea, but no terms have been agreed. SpaceX revenue rose 161% to $14.6 billion in the third quarter, led by its AI segment. [...]

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