India, Oct. 21 -- Elon Musk, the CEO of both Tesla Inc. and Space Exploration Technologies Corp. or SpaceX, has confirmed the discussion for potential merger of the electric vehicle major and the spaceflight company.
During the third-quarter earnings call of SpaceX, a company he founded, Musk called it to be a good idea, adding that the companies have formed special committees to discuss the possible union. However, they have not reached agreement on the terms of any transaction and that there is no guarantee that they will, he added.
Following the news of potential SpaceX-Tesla merger as well as SpaceX's turnaround in third quarter, SpaceX shares were gaining around 8.94%, trading at $161.00, while Tesla is gaining 2.47%, at $382.93.
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