SpaceX and Tesla form committees to discuss a merger
Original title: Sure, let’s smoosh SpaceX and Tesla together, who cares
SpaceX reported $7.56 billion in Q3 AI-division revenue, mostly compute rental, while Tesla profits fell again.
SpaceX and Tesla have formed special committees to discuss a merger, which Elon Musk has said has merit for developing superintelligence software. In Q3, SpaceX reported $7.56 billion from its AI division, including $7 billion in “SI solutions & infrastructure revenues,” with $608 million from adding Cursor; an analyst says most of the rest was likely compute rented to Anthropic and Google. Tesla posted a second consecutive quarter of declining profits. Joint projects Terafab and Macrohard remain early, and Musk’s production dates are unconfirmed.
Unconfirmed: A merger is only under discussion, and analyst comments on compute customers and Grok’s contribution are not company figures.
- SpaceX is described as about to borrow another $40 billion for Nvidia chips.
- Grok revenue was not broken out from bare-metal revenue.
- Musk claimed a first Terafab test chip in May or June 2027 and volume production in the second half of 2028.
- A May S-1 said financial terms and IP rights for the Tesla collaboration were not finalized.
- SpaceX bought $131 million of Cybertrucks from Tesla.
- AI models
- Grok
From the original article
10 min read at theverge.com
Mars not depicted. | Image: Cath Virginia / The Verge, Getty Images Oh sure, SpaceX's credit risk is pretty high because it's about to borrow another $40 billion to spend on Nvidia chips, but who cares about that? SpaceX and Tesla have formed special committees to discuss a merger!
By Elizabeth Lopatto · theverge.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.