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Musk Weighs $3.5 Trillion Tesla-SpaceX Merger

by THEFUTURE.TEAM

October 23, 2026

Elon Musk is considering a merger between Tesla and SpaceX that could create a company valued at approximately $3.5 trillion (€3.1 trillion), potentially making it the largest merger in history.

According to Bloomberg, the aim is to advance the deal while Donald Trump remains US president, potentially creating a more favourable political environment.

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A Decade Of Consolidating Musk’s Businesses

The proposed merger would extend Musk’s efforts to bring his companies closer together through acquisitions and restructurings.

In 2016, Tesla acquired SolarCity, the solar installer run by Musk’s cousins. In March 2025, his AI start-up xAI absorbed X, formerly Twitter, which he bought for $44 billion (€39.1 billion) in 2022. SpaceX acquired xAI in February this year, in a deal valuing SpaceX at $1 trillion (€890 billion) and xAI at $250 billion (€222 billion).

Four months later, SpaceX listed on the Nasdaq, raising $85.7 billion (€76.3 billion) in what the report described as the largest stock market debut on record.

Why Musk Wants To Combine Tesla And SpaceX

Musk increasingly presents his companies as parts of a shared technology ecosystem, with AI central to their future growth. Tesla and SpaceX are jointly developing Terafab, an AI chip factory in Texas, while Tesla’s autonomous vehicles and Optimus humanoid robots could benefit from SpaceX’s computing infrastructure, including planned orbital data centres.

Their financial performance offers another potential incentive. SpaceX recently reported its first quarterly profit since going public, earning $4.4 billion (€3.9 billion) as revenue rose 161%. However, capital spending reached $19.6 billion (€17.4 billion).

Tesla, meanwhile, reported net profit of $787 million (€700 million), down 43% year on year, on flat revenue of $28 billion (€24.9 billion). Deliveries fell 2%.

Combining the businesses could help balance their financial performance and allow Musk to share capital, engineers and intellectual property more easily across the group.

Control, Compensation And Political Timing

The merger could also strengthen Musk’s control. He owns around 48% of SpaceX and controls more than 80% of its voting power, compared with approximately 20% ownership of Tesla. Since 2024, he has said he wants at least 25% voting control of Tesla to lead its expansion into AI and robotics.

His compensation package at Tesla also includes certain merger outcomes as milestones, potentially providing an additional financial incentive.

Bloomberg reported that the plan is to announce a merger in the first half of 2027 and complete it before Trump leaves office in January 2029. The deal would nevertheless face regulatory and shareholder scrutiny.

Musk’s relationship with Trump adds to the political backdrop. After publicly falling out with the president in 2025, Musk has since reconciled with him. He has also contributed more than $276 million (€245 million) to support Republican candidates since July, according to a spokesperson for America PAC.

A Democratic victory in the US midterm elections could bring closer scrutiny of SpaceX’s federal contracts and Tesla’s self-driving technology. SpaceX has warned that a change in congressional control could have a “material and adverse impact” on its growth and competitive position.

A Deal Far From Certain

The merger remains under consideration. Independent board committees have yet to agree on terms, and the transaction would require approval from more than half of Tesla shareholders.

Musk has called that threshold “quite a high hurdle” and acknowledged that the deal may never happen.

Tesla shareholders are scheduled to meet on 3 December, offering an opportunity to gauge investor appetite for Musk’s latest effort to consolidate his business empire.

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Cyprus Tourism Recovers After Difficult Start To 2026

by THEFUTURE.TEAM

October 26, 2026

Cyprus’ tourism sector is recovering after a sharp decline in arrivals earlier this year, but Deputy Minister of Tourism Kostas Koumis has warned that the industry remains vulnerable to external shocks. Presenting the department’s €59.4 million budget for 2027, he stressed that continued growth cannot be taken for granted.

Arrivals Recover After A Sharp Early-Year Decline

Tourist arrivals fell by 5.6% in the first nine months of 2026 compared with the same period last year, Koumis said. This marks a significant improvement from the 17.9% decline recorded during the first four months, although the recovery remains incomplete.

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Despite the setback, arrivals between January and September were 4.1% higher than in 2024 and 8.5% above 2023 levels. Koumis said the figures indicated that the sector had entered a recovery phase, but added that more work was needed to restore demand in certain markets.

An Unprecedented Shock For The Industry

Koumis described 2026 as one of the most difficult years for Cyprus’ tourism sector in decades. External developments triggered widespread cancellations and a sharp slowdown in bookings during March and April, with tens of thousands of reservations cancelled and new bookings largely stalling.

“2026 will undoubtedly remain in the history and memory of those working in the sector as a year during which our country’s tourism industry was called upon to face an unprecedented crisis as a result of external factors,” he told lawmakers.

Budget Focuses On Promotion And Development

Around 62% of the proposed 2027 budget will go towards promoting Cyprus and strengthening its tourism offering. Funding will support marketing campaigns, participation in international tourism fairs and incentive schemes designed to stimulate demand and improve the island’s competitiveness in key markets.

Tourism Revenue Remains Below 2025 Levels

Tourism receipts fell by 7% in the first seven months of 2026 compared with the same period in 2025, according to the Cyprus Statistical Service. However, revenue remained 9.2% above 2024 levels and 13.8% higher than in 2023.

Koumis said the final outcome would depend on performance during the remaining months. If receipts follow a trajectory similar to 2025, he expects the full-year decline to be limited to between 3% and 4%, which he described as “a very satisfactory performance” under the circumstances.

Recovery Does Not Guarantee Future Growth

September recorded what Koumis described as the strongest September on record for tourist arrivals in Cyprus. However, he cautioned against complacency, noting that the disruption earlier in the year demonstrated how quickly external events can affect the sector.

“Success in tourism can never be taken for granted,” he said.

The government aims to ensure that tourism continues to benefit Cyprus’ economy, businesses and local communities in 2027. The proposed budget places particular emphasis on promotion and product development, reflecting a strategy focused on consolidating the recovery while preparing the sector for further uncertainty.