Elon Musk has said he likes the idea of merging Tesla with SpaceX, which would combine AI, space exploration and electric vehicle manufacturing to create a nearly $3.5 trillion technology company.
“Do I think that would be a good idea? Yes,” Musk said said of the possible merger during the SpaceX Q3 earnings call on Tuesday.
Musk said that both SpaceX and Tesla have formed special committees of independent directors to discuss the idea at the request of shareholders, although he cannot participate in the discussions as an adverse party.
The merger will bring Tesla into the same corporate group as Grok developer SpaceXAI (formerly xAI) and social media platform X, which SpaceX acquired in February. The talks also came as SpaceX’s AI business became its largest revenue segment in Q3, underscoring how central artificial intelligence has become to Musk’s expanding technology empire.
“There’s a lot to be gained by collaborating in orbit with superintelligence software, chip design, terrafab, obviously, robotics, the massive starmind constellation,” Musk said. Musk said.
Musk, however, played down expectations of whether the merger would eventually happen.
“Some people out there think that the SpaceX-Tesla merger is a foregone conclusion, and I think that will amplify that,” he said, adding that the special committees have not reached an agreement on the terms of any transaction and there is no guarantee that they will.
“At the end of the day, the shareholders have to support it and specifically from Tesla we’re going to need 50% of the votes of all the shares, not just the voters, but all the shareholders. And that’s a pretty big hurdle to try to get.”
SpaceX Q3 Earnings Show Strong Growth in AI Revenue
Musk’s comments. Followed SpaceX’s third-quarter earnings report, which showed revenue rose 161% year-over-year to $14.6 billion, driven largely by its “superintelligence” AI segment.
SpaceX’s Super Intelligence segment generated $7.6 billion in third-quarter revenue, an 830% increase from a year ago, making it the company’s largest revenue contributor.
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SpaceX said the growth was driven by the activation of new cloud services contracts, the Cursor acquisition and increased enterprise and consumer adoption of its agent AI model, Grok.
Combined Bitcoin holdings will exceed 30,000 BTC.
A Tesla-SpaceX merger could also bring two major corporate bitcoin coffers under one roof. SpaceX reported holding 18,712 Bitcoin as of June 30, while Tesla had 11,509 BTC on the same date, according to their respective quarterly filings.
Based on these disclosures, a joint company will carry out the haul.d 30,221 BTC, which would make it the sixth largest public bitcoin treasury company, surpassing crypto exchange Bullish.
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