SpaceX, Tesla earnings to test Musk's AI spending ambitions as merger talk grows
Tesla and SpaceX are set to report third-quarter earnings this week, with investors closely watching for signs of increased AI spending and potential merger activity. Speculation is growing that a deal could be reached between the two companies, though neither has officially confirmed plans.
Why it matters
A potential merger between two of Elon Musk's most valuable companies would significantly reshape the landscape of the AI and automotive industries.
SpaceX, Tesla earnings to test Musk's AI spending ambitions as merger talk grows left Tesla on Monday said its annual meeting would be held on December 3 [File] REUTERS REUTERS https://th-i.thgim.com/public/incoming/rgl1kl/article71603277.ece/alternates/FREE_1200/2026-10-19T110429Z_1185718462_RC2SRLA11LH8_RTRMADP_3_SPACEX-RESULTS-TESLA.JPG Dado Ruvic FILE PHOTO: The silhouette of Elon Musk and Tesla logo are seen in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration/File Photo SpaceX absorbed Musk’s xAI in February, months before its June IPO, and spending by Tesla and SpaceX now points to the same place: AI SpaceX and Tesla will report third-quarter results on consecutive days this week, giving investors a rare side-by-side look at Elon Musk’s two most valuable companies as merger speculation gathers momentum. The results will test whether Starlink’s steady growth and Tesla’s car profits can fund the AI spending powering the merger debate.
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