Elon Musk says Tesla and SpaceX merger is under active consideration
Elon Musk told analysts that a merger of Tesla and SpaceX is under active consideration and that he sees merit in combining the two firms. He said special committees have been set up at both companies, but they have not reached any agreement and there is no guarantee a deal will be reached. Musk emphasized that any merger would require shareholder approval, with at least 50% of Tesla holders…
Key points
- Musk said Tesla‑SpaceX merger is under active consideration, with special committees formed at both firms.
- Tesla valued at $1.5 trillion, SpaceX at $2 trillion; a combined company would rank among history’s largest mergers.
- SpaceX shares jumped 8% after hours; its cloud compute revenue hit $7.5 bn while overall loss YTD is $1.1 bn.
Tesla is valued at roughly $1.5 trillion and SpaceX at about $2 trillion, making a combined entity one of the largest mergers ever. SpaceX shares rose 8% in after‑hours trading after the comments, while its cloud‑compute business generated $7.5 bn in the latest quarter and Starlink posted $5.2 bn in revenue, though SpaceX has lost $1.1 bn so far this year. Tesla’s stock gained 2% after a slight dip in recent weeks. Musk, who is not on either special committee, described himself as a "conflicted party" and likened the prospect to "tap dancing through a minefield."
Elon Musk says Tesla-SpaceX merger being considered
BBC Technology · 20 October 2026
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