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via finance.yahoo.comBusiness & Companies

Tesla-SpaceX merger: Ark Invest estimates $2.7 trillion in operating profits by 2031

FROM THE WIRE · FINANCE.YAHOO.COM

A combined SpaceX (SPCX) and Tesla (TSLA) would haul in some serious coin, Cathie Wood's Ark Invest said in a new note. The Elon Musk bull's firm estimated that SpaceX and Tesla could generate $3.8 trillion in sales and $2.7 trillion in operating profits by 2031, with SpaceX…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAn Ark Invest estimate of a possible Tesla-SpaceX merger can shape expectations for both stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Ark Invest estimates combined sales of $3.8 trillion and operating profits of $2.7 trillion by 2031.
  2. 02SpaceX would contribute roughly 62% of sales and 69% of operating profits.
  3. 03Wall Street expects SpaceX sales of $43 billion this year, while Tesla is at $107 billion.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Space Exploration Technologies Corp.SPCXStock146.49 USD-1.00%today -1.00%Neutral Tesla, Inc.TSLAStock374.25 USD+1.68%today +1.68%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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