00:00It's Benzinga bringing Wall Street to Main Street.
00:02SpaceX and Tesla will report third-quarter earnings on consecutive days this week
00:06as speculation grows over a potential merger between Elon Musk's companies, according to
00:12Reuters. SpaceX will release its quarterly results Tuesday, followed by Tesla on Wednesday,
00:17both after the closing bell. Barclays suggested a deal could be announced before Tesla's December
00:233rd annual meeting, with SpaceX the likelier acquirer. Neither company nor Musk has committed
00:28to a merger. Camelthorne Investments Advisor Sean Campbell said investors will focus on
00:34Starlink revenue growth and Tesla's automotive margins. Rex Financial's Bill Birmingham said
00:40Musk's integration of automotive and rocket technology could strengthen the case for a
00:44merger, adding that the timing ahead of Tesla's annual meeting was deliberate. SpaceX acquired
00:50Musk's XAI in February, and both companies are now directing spending toward artificial intelligence.
00:56For all things money, visit Benzinga.com.