Elon Musk’s $3.6tn gamble to merge SpaceX and Tesla

Meta plans to create a new class of non-voting shares, Mathias Döpfner, chief executive and co-owner of Germany’s Axel Springer, has sought to acquire a stake in TikTok’s European operations, and US envoy Steve Witkoff discussed resuming peace talks between Russia, the US and Ukraine. Plus, can Elon Musk pull off a merger of SpaceX and Tesla?

Mentioned in this podcast:

Meta to create new non-voting share class

Tesla’s profits slip on weaker vehicle sales

Politico and Telegraph owner pitched deal to buy European arm of TikTok

Rockets, robots and risk: Elon Musk’s $3.6tn gamble to merge Tesla and SpaceX

What Elon Musk stands to gain from a Tesla-SpaceX merger

Trump envoy floats Ukraine talks and summit with Putin and Xi

Italy’s buffalo mozzarella production grinds to a halt in truckers’ strike

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The FT News Briefing is produced by Sonja Hutson, Saffeya Ahmed, and Josh Gabert-Doyon. Our editor is Marc Filippino. Our video producer is Zachary Alfred. Our show is mixed by Sam Giovinco, Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Vanessa Brown, Peter Barber and David da Silva. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com