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CNBC Daily Open: The Musk universe is planning its latest crossover

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Core Development: CNBC Daily Open: The Musk universe is planning its latest crossover
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Market & Financial Impact: In the corporate world, Elon Musk is mulling a more ambitious merger of universes: SpaceX and Tesla.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.

For the fans of Marvel universe, crossovers between films are common, such as portrayed by Marvel's 2018 blockbuster tagline: "Infinity War is the most ambitious crossover event in history."

However, in the corporate world, Elon Musk is mulling a more ambitious merger of universes: SpaceX and Tesla.

Similar to a crossover bringing Marvel characters from separate stories onto the same screen, Elon Musk has revealed that SpaceX and Tesla, two very different companies are discussing a merger, a move that will see electric cars, rockets, satellites, and artificial intelligence ambitions all rolled into the same entity.At SpaceX's third quarter earnings call, Musk said a merger with his automaker, would be a "good idea," adding that the boards of both companies have formed special committees to discuss a tie-up.

While Musk will not be part of the discussions has he is a "conflicted party," he said that there was a lot of merit in combining the companies, pointing out potential cooperation across software, chips and more.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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