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AI & Enterprise

Could SpaceX-Tesla merger gain momentum? Shareholder vote and China regulation are wildcards

CNBC reported on Oct. 23 that Wall Street attention is focusing on a potential merger of SpaceX and Tesla after Elon Musk publicly backed the idea. Special committees have been formed at both companies to review a transaction. Some analysts are sceptical, citing governance differences and limited strategic benefits. Musk highlighted the high approval threshold at Tesla. Potential regulatory hurdles and China-related scrutiny were also flagged as key variables.

AI & Enterprise

AI infrastructure investment could top $10 trillion; U.S. GDP 3.63 percent outlook

U.S. investment in AI infrastructure could exceed $10 trillion over the next eight years, prompting Tesla CEO Elon Musk to react by citing a “K2 economy,” without judging whether the scale is excessive. A chart cited by Musk was based on a Brookings paper by Columbia University professor Stijn Van Nieuwerburgh. The study estimates $10.3 trillion in U.S. spending in 2025-2032, averaging 3.63 percent of GDP, above past U.S. infrastructure booms.

Mobility

China\'s June crude imports plunge 41 percent, focuses on electric taxis to ease oil supply strain

China’s crude oil imports fell to their lowest level in nine years in June, with rising electrification in taxis and ride-hailing seen as a key driver of lower oil use amid supply worries around the Strait of Hormuz. June imports dropped 41.3 percent year on year to 29.27 million tons. Gasoline and diesel consumption fell even as travel and freight rose, while analysts and experts expect further declines in fuel demand and refinery utilisation.