Musk said bringing the electric-vehicle and space companies together would be a good idea and had considerable merit. The proposal concerns two companies led by the same executive: BBC News identifies Musk as the CEO of both Tesla and SpaceX.
Korea Herald reported that Tesla and SpaceX had formed special committees to discuss a potential union. The supplied reporting does not establish the committees’ names, membership or mandate, and it does not confirm that a formal merger agreement has been reached.
The market response followed Musk’s remarks. SpaceX shares rose 4.9% in extended trading, according to reporting by The Japan Times and Korea Herald. Those reports also said SpaceX had posted its first profit as a public company.
BBC News characterized the proposed combination as potentially the biggest merger in history. That description remains an attributed assessment of the possible scale of the deal, rather than evidence that the companies will merge.
Korea Herald also reported that Musk said SpaceX was tracking an annual revenue run rate of up to $1 trillion. The figure is attributed to that report, and the supplied material provides no further detail about how the projection was calculated or what a combined company would look like.
SOURCES
- Korea HeraldMusk calls Tesla-SpaceX merger 'good idea'
- The Japan TimesMusk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company
- BBC Science & EnvironmentElon Musk says Tesla-SpaceX merger would be a 'good idea'
- Ars TechnicaMerging SpaceX and Tesla would be a "good idea," Musk says
- India TodaySpaceX-Tesla merger on the cards? Elon Musk says it's a good idea