WSJ 报道，马斯克希望以 AI 为核心将估值约 $2T 的 SpaceX 与约 $1.5T 的 Tesla 合并。SpaceX 的 AI 业务已成其最大业务，Q3 营收 $7.56B（一年前仅 $813M），季度 $19.6B 资本开支中超过 $16.4B 投向 AI，推动 SpaceX 实现季度利润 $4.4B（上年同期亏损 $1.05B）。
转述 WSJ 报道并给出 SpaceX AI 业务的具体营收和资本开支数字，读者可据此理解潜在合并的财务逻辑。
WSJ: Musk wants to combine a $2T rocket company with a $1.5T carmaker around AI.
SpaceX’s AI unit is now its largest business, with third-quarter revenue of $7.56B against $813M a year earlier, and more than $16.4B of its $19.6B quarterly capital spending went to AI.
That growth turned SpaceX to a $4.4B quarterly profit from a $1.05B loss, giving it the financial weight to absorb Tesla rather than the reverse.
The AI case for the merger treats Tesla’s robotaxis and Optimus robots as the front end and SpaceX’s data centers and satellite links as the infrastructure they would depend on.
来源：Rohan Paul · x.com