Elon Musk on Wednesday deflected questions about a direct merger between his SpaceX and Tesla during the automaker’s earnings call, following months of speculation about a future tie-up of his two firms as the world’s richest person said there is increasingly more “overlap” between them.
Musk told investors there is “more and more overlap” between his two companies.
Musk, in response to a question from Wells Fargo analyst Colin Langan about a possible merger between Tesla and SpaceX, said: “We can’t talk about, you know, combining companies and that kind of thing on an earnings call—it has got to be done with the appropriate process.”
There is “more and more overlap” between Tesla and SpaceX, Musk said, referencing Starlink’s integration into Cybertrucks—and later inclusion in all Tesla vehicles, according to Musk—and TeraFab, a proposed AI chip manufacturing venture between Tesla, SpaceX and xAI, which is now a SpaceX subsidiary.
Musk said xAI, now known as SpaceXAI, will develop an AI model to serve as a “manager” for Optimus, Tesla’s robots that Musk has claimed could be the “biggest product ever.”
