Elon Musk has publicly endorsed a potential merger between Tesla and SpaceX, calling the move a 'good idea' following a ninefold surge in AI-related revenue. The proposed merger aims to bring Tesla into the same corporate group as the social media platform X and SpaceXAI, the developer of the Grok AI model. This strategic consolidation is designed to centralize Musk's various artificial intelligence ventures under a single corporate umbrella.
The talks come as SpaceX swings to a quarterly profit of $4.4 billion, while independent committees have yet to agree on terms for the potential deal.
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