Musk's confirmation of a merger between SpaceX and Tesla could lead to a significant consolidation in the aerospace and automotive sectors, potentially reshaping the industry landscape. The formation of special committees underscores the seriousness of the proposal and the potential for significant changes in the companies' structures and strategies.
NewsFeed
Musk confirms SpaceX and Tesla exploring merger
Elon Musk says SpaceX and Tesla are considering a merger that would form a $3.5 trillion mega company. He confirmed special committees have been formed to consider the idea.
Published On 21 Oct 2026
DayOne Data Centers Ltd. is exploring options for delaying or reducing the size of its US IPO, aiming to raise $2.5B to $3B after initially seeking $5B in Q4. The decision could save millions in fees and expenses, following a stock price decline.
The 11th Baptist World Aid ethical fashion report, released on Tuesday, assessed the ethical practices of 138 Australian and international companies, representing 543 fashion brands. Overall, the report found that only 13% of the fashion companies surveyed could show evidence of paying a living wage to any of the workers in their supply chain. The ultra-fast fashion website Shein was given a score of 28, while its competitor Temu, another Chinese e-commerce website, also received a score of zero.
Shell Singapore hosted an exclusive event for Shell Go+ and Shell Fleet customers to celebrate its long-standing Innovation Partnership with Scuderia Ferrari HP, featuring Formula 1 races, an interactive on-stage segment, blind box activity, and a moderated Q&A session with Hamilton and Leclerc. This event highlighted Shell’s commitment to innovation and passion, with Shell V-Power fuel being trusted and recommended by Ferrari, and Shell using 100 per cent of the performance-boosting technology used on the track.…