Morning Bid: Tesla may get rocket boosters for real this time
A look at the day ahead in European and global markets from Gregor Stuart Hunter Just days after strapping thrusters onto the new Roadster, Elon Musk may be about to repeat the stunt for real this time with a far bigger boost for Tesla — by combining the EV maker with SpaceX. The mercurial industrialist said on Tuesday that a merger of the two companies would be a good idea and that they had formed special committees to discuss a union, sending shares of the Starlink operator up 8% in extended trading. The tie-up would create one of the most valuable companies in the world, worth about $3.5 trillion and in fifth place globally, between Microsoft and Amazon. But Musk faces substantial regulatory risks from merging the two. Top of mind among governments may be who ordered the slowdown of a military-grade version of the Starlink satellite service that Ukraine relies on in its war with Russia. The Wall Street Journal reported on Tuesday that Musk had given the order last week, cit