Top financial stories for October 21
SPCX•SpaceX and Tesla are reportedly considering a merger, Meta's Joel Kaplan will leave next year, the UK plans to approve the Jackdaw gasfield, and Flutter plans to cut up to 1,400 jobs in the UK and Ireland.
1. Potential merger
Elon Musk said SpaceX and Tesla are considering a merger and have formed special committees to discuss a deal. The proposed combination could create an AI-oriented conglomerate potentially worth more than $3 trillion.
2. Departures and gasfield
Meta global affairs chief Joel Kaplan will leave next year after 15 years at the company; Meta has not named a successor. The British government plans to approve development of the Jackdaw gasfield in the UK North Sea.
3. Flutter job cuts
Flutter plans to cut up to 1,400 jobs across its UK and Ireland business, citing a sharp increase in British gaming taxes that it said had fundamentally altered the economics of regulated betting.
