Elon Musk said Tuesday that he would like to see the consolidation of his business empire by formally merging his two largest companies, SpaceX and Tesla.

"Do I think it would be a good idea? Yes," Musk said of a potential merger. He was speaking during a question-and-answer period as part of SpaceX's third-quarter earnings call. Musk said, ultimately, it not his decision. "But at the end of the day the shareholders have to be supportive of this."

Musk's talk of a merger comes after a busy year in which SpaceX already acquired Musk's artificial intelligence firm, xAI, in February. In June, SpaceX went public with the largest initial public offering on record.

Read full article

Comments

Elon Musk is a very familiar figure to Ars readers, given his massive influence (for better and worse) on the technology sector over the last 20 years. Oscar-winning director Alex Gibney's latest biographical documentary—simply titled Musk—covers a lot of well-known ground and challenges the carefully crafted public image of Musk as a visionary tech titan.

Gibney's documentary presents Musk as more of a Gilded Age confidence man, rejiggered for the 21st century: an investor cosplaying as an inventor whose real genius is pumping stocks and dazzling investors and the public alike with visions of a high-tech utopian future. The film is bound to push all the right outrage buttons, whether one is a Musk fan or a detractor—which makes it very much a product of the peculiar social media-driven era in which we live.

Gibney has been making documentaries since the 1980s, covering such varied subjects as Jimi Hendrix, Hunter S. Thompson and gonzo journalism, WikiLeaks, Scientology, Steve Jobs, Elizabeth Holmes (the subject of another forthcoming documentary, You Can See Everything, featuring comedian Nathan Fielder), Boris Becker, The Sopranos creator David Chase, alleged Russian interference in the US 2016 presidential election, the opioid epidemic, and cyclist Lance Armstrong. He snagged his first Oscar nomination for 2005’s Enron: The Smartest Guys in the Room, and won the Oscar for Best Documentary Feature two years later for Taxi to the Dark Side.

Read full article

Comments