The Musk universe is planning its latest crossover

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.

SpaceX had beat earnings expectations for its third quarter, posting operating income of $2.8 billion and net income of $4.4 billion.

Revenue came in at $14.58 billion, compared to the $12.72 billion expected, and earnings per share stood at 45 cents adjusted, sharply beating forecasts of 13 cents.

CFO Bret Johnsen said on the call that revenue in the first quarter of 2027 will be $33 billion to $37 billion, trouncing the average $22.2 billion average analyst estimate, according to LSEG.

Musk reportedly ordered a slowdown of the military-grade Starlink service used by Ukraine, limiting the speeds at which connected hardware could travel and rendering some offensive and interceptor drones largely ineffective.

The Wall Street Journal reported Musk and Trump had discussed the decision in a call soon after the slowdown became public.

Musk previously said that restrictions on the system were ultimately decided by the U.S. military and the president. Trump, however, told reporters Monday that he did not know who was responsible.

Elsewhere, investors turned off the TV on Netflix, selling off shares in extended trading despite the company beating third-quarter earnings expectations.

Netflix reported earnings of $3.66 billion, or 87 cents per share against the 82 cents analysts expected. Revenue rose 12% to $12.87 billion, matching forecasts.

But its shares fell as the company lowered its advertising outlook and issued fourth-quarter revenue guidance below Wall Street’s expectations.

Netflix forecast $13.44 billion in revenue for the current…