SpaceX shares jumped after it reported surging revenue growth and Elon Musk floated a potential merger of the company with Tesla. Altimeter Capital’s Brad Gerstner says Musk needs to make sure a deal is fair for Tesla shareholders and expects at least a 30% premium to where the stock trades today. United Airlines slashed its profit outlook as fuel costs continue to bite. CEO Scott Kirby says airfares will have to go up in order for carriers to be profitable.
In this episode:
Brad Gerstner, @altcap
Phil LeBeau, @Lebeaucarnews
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
Ryan Anastasio, @Ryan_Anastasio
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