Musk backs Tesla-SpaceX merger
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Musk backs Tesla-SpaceX merger
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Elon Musk hints at merging his two companies, Tesla and SpaceX, in the biggest corporate tie-up of all time, as SpaceX shares blast off in after hours trade on a 160-percent Q3 revenue jump, with AI-related sales surging almost 10-fold. Nvidia CEO Jensen Huang takes centre stage at the company’s GTC conference in Berlin today, as mounting concerns over AI spending and debt rattle investors. Despite those risks, SpaceX lifts the Nasdaq pre-market, with Europe also called higher, as Adidas raises its outlook on the back of a record third quarter operating profit. And U.S. envoy Steve Witkoff heads to St Petersburg to meet Vladimir Putin - reportedly with an updated Ukraine peace proposal... as the Wall Street Journal reports Elon Musk was behind the decision to restrict Ukraine's access to Starlink.
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