The Zhitong Finance App learned that Elon Musk said on Tuesday that the merger of its two companies, SpaceX (SPCX.US) and Tesla (TSLA.US), would be a “good idea” and that the two companies have set up a special committee to discuss the merger. After the news broke, SpaceX rose nearly 8% after the market, and Tesla closed up 3.4% the next day. After the merger, the total market value of the entity at the time was about 3.5 trillion US dollars, which is enough to dwarf any merger and acquisition in the past ten years.

The Zhitong Finance App learned that Elon Musk said on Tuesday that the merger of its two companies, SpaceX (SPCX.US) and Tesla (TSLA.US), would be a “good idea” and that the two companies have set up a special committee to discuss the merger. After the news broke, SpaceX rose nearly 8% after the market, and Tesla closed up 3.4% the next day. After the merger, the total market value of the entity at the time was about 3.5 trillion US dollars, which is enough to dwarf any merger and acquisition in the past ten years.