According to Semafor, Elon Musk invested approximately $1 billion in the media company Skydance. This came a few weeks after Paramount completed its $110 billion acquisition of Warner Bros. Discovery. The investment coincided in timing with contributions from other shareholders, including Laurene Powell Jobs.
The outlet Anadolu published an analysis of the possible consequences of a hypothetical Tesla–SpaceX merger. According to University of Birmingham professor David Bailey, combining battery technologies, robotics and space developments could advance Elon Musk's ambitions, yet many of the benefits could be achieved without a merger — through cooperation between the companies.
Elon Musk said both companies have formed committees of independent directors to study a possible merger, which would be the largest corporate deal in history. According to Bloomberg, the goal is to announce the deal in the first half of 2027 and complete it before the end of Trump's term in January 2029. Musk warned that the merger is not guaranteed.
Tesla reported a decline in net profit for the third quarter to $787 million due to rising spending on AI, robotics and autonomous transport. Revenue remained almost unchanged at $28 billion. Meanwhile, Elon Musk said Tesla and SpaceX have formed committees of independent directors to explore a possible merger; deal terms have not been agreed and there is no guarantee it will happen.
Russian cosmonaut Alexander Lazutkin told RIA Novosti that humanity is not yet ready to send people to Mars. Among the key problems he cited supplying the crew with food, protection from space radiation, and the impact of a two-year flight on health and psyche, noting that even a modern spacecraft does not guarantee the expedition's success.
The Wall Street Journal, citing American officials, reports that on October 14 Elon Musk ordered restrictions on the operation of the Starshield military satellite system for Ukraine, setting a speed limit for the movement of equipment, above which the connection was cut off. According to the publication, the decision complicated the use of Ukrainian strike drones. Donald Trump said he does not know who gave the order.
Tesla has launched production of Optimus humanoid robots at its Fremont, California plant. The company announced this in its third-quarter shareholder letter. At the same time, Tesla's net profit fell 43% to $787 million due to rising spending on AI, Optimus, and autonomous driving amid stagnant revenue.
Elon Musk, in Walter Isaacson's podcast, suggested that with the development of AI and robotics, conventional money may become unnecessary, and its value will be measured in physical quantities — mass, power, and energy. Space exploration, in his assessment, could expand the economy a millionfold.
Tesla and SpaceX founder Elon Musk believes the US can solve its record national debt problem only with the help of AI and robots. According to him, the Earth's economy could grow a millionfold, and money would come to be measured in power, mass, and energy. The US national debt, according to the Treasury Department, has approached $40.4 trillion.
In an interview with Walter Isaacson on the YouTube channel The Builders, Elon Musk said he spent too much time in US government circles: in his view, one or two months in Washington would have been enough. He admitted that he had originally planned to limit his involvement in government work, but was swept up by the opportunity to be present in the Oval Office and influence decisions.
Elon Musk, on The Builders podcast with Walter Isaacson, said that the problem of the growing US national debt can only be solved with the help of AI and robots, since cutting spending is politically unfeasible. He suggested that Donald Trump could change the situation by making fighting the deficit a priority, but in Musk's view, the president avoids unpopular measures.
US President Donald Trump, speaking to supporters in North Carolina, said he considers Elon Musk an 80% super genius, while about the remaining 20% he 'needs to think.' He also called the head of Tesla and SpaceX a wonderful person.
US Secretary of State Marco Rubio, during a visit to India, told journalists that Ukraine would have ceased to exist as a sovereign state without Washington's support, including that of the administration of Donald Trump. He also rejected media claims about Elon Musk's involvement in restricting the operation of the Starshield satellite system in Ukraine and about the US deliberately ending intelligence sharing with Kyiv.
On October 20, SpaceX published its third-quarter financial results: revenue came in at $12.72 billion, net profit at about $2 billion, exceeding analysts' expectations. The day before, Musk announced on X that in 2027 he would gift one SpaceX share to every child in the US; according to estimates, such a giveaway could cost about $10.7 billion.
According to The Wall Street Journal, Musk restricted the speed of the military version of Starlink (Starshield), causing panic in Kyiv and confusion in the Trump administration. Some Ukrainian drones became practically inoperable. Sources disagree: some claim Musk acted on his own, others say he consulted Trump. Musk and Trump deny personal responsibility.
SpaceX reported Q3 revenue growth of 161% year over year to $14.58 billion, beating analyst expectations. The main drivers were the AI segment, whose revenue grew 830% to $7.56 billion, and growth in Starlink subscribers. Earnings per share came in at $0.35.
Elon Musk said he considers a merger of Tesla and SpaceX 'a good idea.' At both companies, special committees of independent directors have been created at shareholders' request to study the deal. The statement came after SpaceX's first quarterly report as a public company: net profit was $4.4 billion. The deal is not a foregone conclusion and will require shareholder approval. Elon Musk has said he considers a merger of Tesla and SpaceX “a good idea.” At the request of shareholders, special committees of independent directors have been set up at both companies to examine the deal. The statement came after SpaceX's first quarterly report as a public company: net profit was $4.4 billion. The deal is not predetermined and will require shareholder approval.
SpaceX reported revenue of $14.6 billion for the third quarter and net profit of $4.4 billion versus a loss a year earlier. The 'Super Intelligence' segment (Grok, Cursor, a neocloud with 1.7 GW) brought in $7.5 billion in revenue and $431 million in profit. The company is ramping up capital expenditures — $19.6 billion for the quarter, rising to $35–40 billion in the fourth — while building Colossus II and developing Starship.