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Politics

Elon Musk emerges as top funder for U.S. Republicans as SpaceX federal awards surge

Elon Musk has spent about $366 million on at least 40 U.S. midterm election contests, emerging as the largest individual donor, while SpaceX won $6.78 billion in federal government work over the same period. Filings show much of the spending flowed to Republican groups and America PAC. With Congress overseeing budgets and regulation, attention is focusing on how election outcomes could affect Musk-linked companies, contracts and probes.

Crypto

Tesla-SpaceX merger possibility raised, with bitcoin also in scope

Elon Musk has formalised the possibility of a merger between SpaceX and Tesla, saying each board has set up an independent special committee to review it, while cautioning that treating a deal as certain would be an exaggeration. A combined company would integrate assets including Grok, X, Starlink, Tesla’s robotaxi and Optimus, and projects such as Terafab chips and the Starmind orbital data centre plan. The companies hold 30,221 bitcoin in total.

Telecommunications & Media

Gary Black says SpaceX may buy Tesla at $420 a share within weeks

Some investors have raised the possibility that SpaceX could acquire Tesla within weeks at $420 a share. Gary Black, known as a Tesla bull, said the Roadster event may have been aimed at creating a rationale for a merger. He said SpaceX could announce an all-stock deal and that closing could take a year. Market talk of a merger has increased, though the report says it is not based on financial distress.