Tesla-SpaceX Merger Is Elon Musk’s Biggest AI Bet Yet - Bloomberg
Bloomberg the Company & Its Products
Bloomberg quickly and accurately delivers business and financial information, news, and insight around the world, connecting decision makers to a dynamic network of information, people, and ideas.
For Customers
- Bloomberg Anywhere Remote Login
- Software Updates
- Manage Products and Account Information
- Support
Americas [PHONE_REDACTED] EMEA +44 20 7330 7500 Asia Pacific +65 6212 1000
Company
About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg Beta Communications Press Announcements Press Contacts Follow (Facebook, Instagram, LinkedIn, YouTube)
Products
Bloomberg Professional Services Bloomberg Terminal Data Trading Risk Compliance Indices Industry Products Bloomberg Law Bloomberg Tax Bloomberg Government BloombergNEF
Media
Bloomberg Markets Bloomberg Technology Bloomberg Pursuits Bloomberg Politics Bloomberg Opinion Bloomberg Businessweek Bloomberg Live Conferences Bloomberg Radio Bloomberg Television
News Bureaus
Media Services Bloomberg Media Distribution
Advertising
Bloomberg Connecting Decision Makers
A Tesla-SpaceX Merger Would Make a Daunting Foe — For Now
Musk is betting his empire on the AI infrastructure business, which has become a cash machine.
By Carmen Arroyo
October 22, 2026 at 12:28 PM GMT+2
Bookmark | Save | Lock
This article is for subscribers only.
Welcome to Bloomberg’s AI Today newsletter. Every weekday we break down AI’s threats and opportunities for businesses, workers, finance, and economies.
Sign up now if you’re not already on the list.
After months of rumors, Elon Musk confirmed that Tesla and SpaceX are working towards a merger, and AI — which was not the business of either company — is the big reason driving the combination.
SpaceX just showed that AI revenue is already surpassing that of the firm’s prior primary driver: connectivity. There’s fresh evidence, in other words, that AI can generate billions for SpaceX. At least, for now.