Elon Musk Outlines Potential SpaceX Tesla Merger
WSJ Minute Briefing

Elon Musk Outlines Potential SpaceX Tesla Merger

B2Upper-intermediateOctober 21, 20261 min
  • News bulletin
  • Business & money

Plus: French supermarket giant warns turmoil will hurt sales for the year. And the British government approves controversial natural gas production in the North Sea. Luke Vargas hosts. Sign up for WSJ’s free What’s News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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0:00

Here is your morning brief for Wednesday, October 21. I'm Luke Fargus for The Wall Street Journal. SpaceX shares are up more than 9 percent off-hours after Elon Musk said that SpaceX and Tesla have formed special committees to discuss a potential merger.

0:19

Musk said a tie-up could bring together the company's efforts on chip design, AI, robotics, and more. Even if shareholders are open to the deal, though, a combination would face regulatory scrutiny due to its scale and size.

0:31

That said, the news is boosting the AI trade this morning with NASDAQ futures gaining and Asian chipmaker stocks rebounding from yesterday's tough session. The yield on 10-year French government bonds has reached 5% for the first time since 2002 as the country continues to grapple with nationwide unrest.

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