Musk says SpaceX-Tesla merger a 'good idea', special committees formed for talks
Elon Musk stated that a merger between SpaceX and Tesla is a 'good idea' during recent discussions. Following his remarks, SpaceX shares rose 4.9%, with Barclays suggesting a potential announcement before Tesla's annual meeting in December. This comes as SpaceX reported its first profit as a public company, indicating growing business overlap.