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Musk mulls SpaceX‑Tesla merger amid AI and market turbulence
Elon Musk hinted at merging SpaceX and Tesla, noting board committees are reviewing the idea while he remains a conflicted party. SpaceX posted Q3 revenue of $14.58 bn and adjusted earnings of $0.45 per share, beating forecasts. Musk faced criticism for limiting Starlink speeds for Ukraine, allegedly after discussions with U.S. officials. Meanwhile, AI‑related stocks showed volatility: Australia’s NextDC shares fell 40% after cutting its FY27 outlook, and South Korea’s Elice dropped 32% on debut before rebounding. Japan’s September exports rose 16.7% but missed expectations, though semiconductor shipments surged 49.4%.