CNBC Daily Open: The Musk universe is planning its latest crossover
In the corporate world, Elon Musk is mulling a more ambitious merger of universes: SpaceX and Tesla.
TL;DR
- Elon Musk is considering merging SpaceX and Tesla, with special committees formed by both company boards to discuss the tie-up.
- SpaceX beat third-quarter earnings expectations with operating income of $2.8 billion and net income of $4.4 billion.
- Musk reportedly ordered a slowdown of the military-grade Starlink service used by Ukraine, affecting drone capabilities.
- Netflix's stock fell despite beating third-quarter earnings expectations, as the company lowered its advertising outlook and provided fourth-quarter revenue guidance below expectations.
- A legal group is challenging President Trump's 50% tariffs on Canadian goods, representing food importer Gellert Global Group.
- The Federal Aviation Administration approved the Boeing 737 Max 10 after years of delays.