Elon Musk is chief executive of both companies---Tesla and SpaceX.
Elon Musk Backs SpaceX-Tesla Merger As Rocket Firm Turns Profit
In short
Musk's backing of SpaceX's merger with Tesla is a major development, and the rocket firm's profit is a testament to its growing capabilities and market potential.
Key points
- SpaceX turns a profit, marking a milestone in its history.: SpaceX turns a profit, marking a milestone in its history.
- Musk backs the merger of Tesla and SpaceX.: Musk backs the merger of Tesla and SpaceX.