Boeing reported a narrowed quarterly loss of $116 million, but its shares plunged about 9%: CEO Kelly Ortberg said 737 MAX output will reach 52 aircraft per month only in the second half of 2027, and the company does not expect $10 billion in free cash flow until 2029.
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.
General Motors doubled its profit to $3.3 billion in Q3 2026 on revenue of $50.1 billion and announced a $20 billion share buyback program. However, rising prices of copper, steel, and diesel due to the US-Iran conflict added $400 million in costs, and the company's shares fell 5.3%.