Elon Musk says he backs SpaceX-Tesla merger as rocket firm turns profit
Elon Musk expressed support for a merger between SpaceX and Tesla after SpaceX reported a net income of $4.4 billion for the July-September period, reversing a loss of $1.1 billion from the previous year. Following Musk's comments, SpaceX shares rose nearly five percent in after-hours trading. This merger could reshape the landscape of both companies.