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The Verge · AI· Elizabeth Lopatto·· 24 days agoAI score60

Sure, let’s smoosh SpaceX and Tesla together, who cares

Sure, let’s smoosh SpaceX and Tesla together, who cares

AI summary

SpaceX and Tesla have formed special committees to discuss a merger, with Musk saying on SpaceX's earnings call that "there's a lot of merit to combining" the companies to cooperate on superintelligence software. The piece weighs the Mars narrative against financial motives, noting Musk's over-50% voting control at SpaceX versus roughly 20% at Tesla, and that a stock-for-stock deal at $2 trillion or more would trigger payouts and accelerated vesting under his Tesla compensation package. It also covers SpaceX's Q3 SI solutions revenue of $7 billion, Tesla's second consecutive quarter of declining profits, and the Terafab and Macrohard projects, which the S-1 says are in very early stages with financial terms and IP rights not finalized.

Source: The Verge · AI · theverge.com