Musk Endorses Tesla-SpaceX Combination in What Would Be Record Merger

Elon Musk openly backed the idea of combining SpaceX with Tesla, a deal that would rank as the biggest corporate merger ever and would unite assets spanning electric vehicles, AI data centers, and rocket and satellite capabilities. The endorsement puts a potential tie-up between two of his most prominent companies squarely into the public conversation. Separately, billionaire Ken Griffin said investors are "almost certainly" in the midst of an artificial intelligence bubble, noting that many companies are still working out how much they will spend on the technology and how it will reshape the economy. German Chancellor Friedrich Merz also weighed in during the session, adding a policy voice to a day dominated by major corporate and market developments.