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The Economic Times
The Economic Times
Business
Anupam Nagar

US Market: Musk backs Tesla-SpaceX merger idea, envisioning a $3.5 trillion giant

Elon Musk believes a merger between Tesla and SpaceX would make strategic sense, publicly endorsing the idea on Tuesday as his business empire increasingly converges around artificial intelligence (AI), robotics, advanced manufacturing and computing infrastructure.

A combination of the electric-vehicle maker and the rocket company could create a technology conglomerate valued at about $3.5 trillion, bringing together businesses spanning automobiles, energy storage, satellite communications, space exploration and AI computing.

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