The S&P 500 posted a three-day winning streak on Wednesday, and the Nasdaq Composite rose as Tesla and SpaceX rallied.
Elon Musk has backed a potential $3.5 trillion merger of SpaceX and Tesla, aiming to combine their AI, robotics, satellite and energy businesses, though regulatory and governance risks remain.
A potential combination would bring electric vehicles, satellite communications, space launches and artificial intelligence under one corporate structure, reshaping Musk’s business empire
A big rally in SpaceX after earnings is giving hope to Meta and Tesla bulls ahead of their reports due Wednesday afternoon.
US stocks traded mixed on Wednesday as strong SpaceX results and AI enthusiasm boosted tech shares, while investors awaited earnings from Tesla and Meta Platforms.
Musk said he felt he was "tap dancing through a minefield" while discussing the proposal, but added that a merger "would be a good idea".
The Dow Industrials leapt more than 500 points on Tuesday as traders grew confident over this earnings season.
Stocks of Elon Musk's two biggest companies are rising Wednesday after he suggested a combination was in the works to form a trillion dollar colossus in possibly the biggest deal ever
Elon Musk said SpaceX and Tesla Inc have formed special committees to explore a potential merger, a preliminary step towards what would rank as the largest corporate tie-up of all time. "I do...
Tesla reported a decline in profit for the latest quarter but a measure of cash its business generated surged, leaving investors with a mixed picture as it prepares for a possible merger with Elon...
A day after Elon Musk's SpaceX reported third-quarter results, Tesla is scheduled to update investors.
Elon Musk backed the idea of a Tesla-SpaceX merger during SpaceX's earnings call, citing potential cooperation in chip design, robotics, artificial intelligence and connectivit
SpaceX shares jumped after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX-Tesla merger.
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