Wall Street Journal top stories for October 21
SPCX•The Wall Street Journal’s top stories include Elon Musk saying a SpaceX-Tesla merger would be “a good idea,” and reports on Meta executive Joel Kaplan’s planned departure, Starlink service in Ukraine, Larry Ellison’s borrowing, Optimum Communications’ debt talks and Hughes Network Systems’ bankruptcy case.
1. Merger discussions
Elon Musk said a merger of SpaceX and Tesla would be “a good idea” and that the companies had formed special committees to discuss a union.
2. Other business stories
Meta Chief Global Affairs Officer Joel Kaplan will leave next year after 15 years. Musk ordered a slowdown of a military-grade version of Starlink that Ukraine relies on. Larry Ellison increased his borrowing and put up shares in Tesla, SpaceX and Paramount Skydance to help fund his son David’s takeover of Warner Bros. Optimum Communications is nearing a debt restructuring deal that would give control to lenders and resolve litigation, while Hughes Network Systems received interim court approval to retain exclusive control of its Chapter 11 case.
