{"id":1970008,"date":"2026-05-28T06:49:55","date_gmt":"2026-05-28T03:49:55","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=1970008"},"modified":"2026-05-28T06:49:55","modified_gmt":"2026-05-28T03:49:55","slug":"elon-musk-is-reportedly-exploring-a-spacex-tesla-merger-ahead-of-the-largest-ipo-in-history","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=1970008","title":{"rendered":"Elon Musk Is Reportedly Exploring a SpaceX-Tesla Merger Ahead of the Largest IPO in History"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-tw.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&#8221;]<\/p>\n<div class=\"col-post-body col\">\n<div class=\"row post-body\">\n<aside class=\"post-body-sidebar\">\n<div class=\"post-body-sidebar-upper\">\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Tech &amp; Gadgets\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>May 28, 2026<\/time><\/div>\n<ul class=\"post-body-sidebar-hype-comments-container list-unstyled d-none d-lg-block\">\n<li><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<\/li>\n<li><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-sm-inline text\">Comments<\/span><\/span>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<\/li>\n<li><span class=\"text\">Save<\/span><\/li>\n<\/ul>\n<div class=\"post-body-sidebar-author d-none d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<\/div>\n<\/aside>\n<article class=\"post-body-article\">\n<div class=\"post-gallery-container small inner-media\">\n<div class=\"gallery-container post-gallery-contain\" role=\"region\" aria-label=\"Elon Musk Is Reportedly Exploring a SpaceX-Tesla Merger Ahead of the Largest IPO in History\">\n<div class=\"hb-gallery before-booted full-screen-enabled only-one-cell \" data-images=\"[{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/05\/28\/elon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg&quot;,&quot;alt&quot;:&quot;elon musk SpaceX Tesla Merger Rumored After Spacex Nasdaq Listing&quot;,&quot;width&quot;:1400,&quot;height&quot;:933,&quot;credit&quot;:&quot;Marc Piasecki\/Getty Images&quot;,&quot;caption&quot;:&quot;&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:null}}]\" role=\"list\">\n<div class=\"carousel-cell landscape\" data-gallery-index=\"1\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-3-2\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<div class=\"gallery-meta-container credit-wrapper\">\n<div class=\"credit \">Marc Piasecki\/Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Tech &amp; Gadgets<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>May 28, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-content\">\n<p><b>Summary<\/b><\/p>\n<ul>\n<li><i><span>CNBC<\/span><\/i><span> reports that Elon Musk has discussed merging SpaceX and Tesla with colleagues, with SpaceX set to debut on the Nasdaq under the ticker \u201cSPCX\u201d on June 12<\/span><\/li>\n<li><span>SpaceX is targeting a valuation of up to $1.75 trillion USD in what would be the largest IPO in history, while Tesla\u2019s current market cap sits around $1.6 trillion USD, putting a combined entity above $3 trillion USD<\/span><\/li>\n<li><span>Neither company has officially confirmed merger plans, but operational ties between the two run deep, and Musk controls 85% of SpaceX\u2019s voting power<\/span><\/li>\n<\/ul>\n<p><i><span>CNBC<\/span><\/i><span> reports, citing people familiar with the matter, that <\/span><span>Elon Musk<\/span><span> has floated the idea of merging <\/span><span>SpaceX<\/span><span> and <\/span><span>Tesla<\/span><span> with colleagues. The timing is deliberate: SpaceX filed its S-1 on May 20 and is expected to <\/span><span>begin trading on the Nasdaq<\/span><span> under the ticker \u201cSPCX\u201d on June 12, targeting a valuation of up to $1.75 trillion USD in what would be the largest public market debut in history. No official confirmation has come from either company, but the structural groundwork for a combination has been quietly assembling for years.<\/span><\/p>\n<p><span>The merger logic starts with AI. Both companies have evolved well beyond their original mandates and are now, at their cores, AI infrastructure businesses competing for the same resources: compute, power, and specialized engineering talent. <\/span><span>SpaceX merged with Musk\u2019s AI startup xAI<\/span><span> earlier in 2026, pushing its private market valuation to $1.25 trillion USD before the IPO filing. Tesla, meanwhile, disclosed a $2 billionUSD\u00a0 investment in xAI in January 2026, deepening the financial web connecting Musk\u2019s empire. The question a merger is really answering is not whether these companies are already intertwined \u2014 they clearly are \u2014 but whether a formal combination creates more capital firepower than the current arrangement.<\/span><\/p>\n<p><span>The operational ties are already closer than most corporate partnerships get. SpaceX has spent $697 million USD on Tesla Megapacks to power its AI data centers and another $131 million USD on Cybertrucks. Engineers, board members, and financial relationships move fluidly between the two. In 2024, <\/span><span>Nvidia<\/span><span> agreed to divert a $500 million USD GPU order away from Tesla to xAI at Musk\u2019s direct request. The companies share suppliers who already treat them as a single customer. Structurally, they are less two separate entities and more two operating divisions of the same informal holding company.<\/span><\/p>\n<p><span>The mechanics of actually combining them is where the complexity lives. A stock swap is the most likely vehicle, but determining the exchange ratio between a newly public SpaceX and a long-established Tesla creates an immediate valuation conflict of interest, given that Musk controls both. Legal experts cited in coverage of the <\/span><i><span>CNBC<\/span><\/i><span> report noted that a merger would likely survive antitrust scrutiny, since rockets and electric vehicles don\u2019t overlap in any market, but would face significant shareholder governance challenges. Tesla shareholders have no guarantee their interests would be prioritized in a swap structure that Musk, as the controlling party at SpaceX with 85% voting power, effectively sets the terms for. SpaceX\u2019s prospectus notes the company is a \u201ccontrolled company,\u201d which allows for exceptions to standard governance protections, meaning Class A shareholders have limited recourse.<\/span><\/p>\n<p><span>The precedent is not encouraging for minority investors. This would be the fourth time Musk has orchestrated a major transaction between companies he controls. SolarCity was folded into Tesla in 2016 in a deal that drew a shareholder lawsuit. xAI acquired X for $33 billion USD in March 2025 in a transaction that effectively restored a platform worth $9 billion USD to a $33 billion USD valuation on the back of xAI\u2019s balance sheet. Tesla\u2019s $2 billion USD xAI investment followed despite shareholders having previously rejected a similar proposal. Each deal has followed the same pattern: Musk moves first, shareholders absorb the complexity afterward.<\/span><\/p>\n<p><span>Wedbush analyst Dan Ives expects the partnership to culminate in a full merger by 2027, arguing both companies face identical constraints around power, compute, AI, and chip supply. Ross Gerber, CEO of Gerber Kawasaki, told CNBC a merger would allow Musk to fulfill a longstanding ambition of running one consolidated company while giving the combined entity the capital scale to compete in AI against Google and Microsoft. Walter Isaacson, who wrote the definitive Musk biography, put it plainly: \u201cElon Musk is always moving engineers back and forth between his companies. I think he wants to make this one big company.\u201d<\/span><\/p>\n<p><span>SpaceX is expected to begin trading on the Nasdaq under \u201cSPCX\u201d on June 12. Neither SpaceX nor Tesla has officially confirmed any merger discussions.<\/span><\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<footer>\n<div class=\"related-stories-main-wrapper\">\n<h3>Related Stories<\/h3>\n<div class=\"stories-container\" data-layer-list-name=\"related_stories\" data-layer-list-offset=\"0\" data-layer-list-child-selector=\".story-item\">\n<div class=\"story-item\" data-layer-item-id=\"6728989\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Meta AI Pendant and Supersensing Glasses Roadmap Leaks\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6730706\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Leica Cine Compact 1: Big-Screen 4K Magic in a Mini Projector\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6729189\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Leica Unveils Metallic Grey Finish Across Iconic Cameras\n                                                                        <\/div>\n<\/div>\n<\/div>\n<div class=\"article-email-signup-wrapper impression-tracker\">\n<h3>We got you covered. Don\u2019t miss out on the latest news by signing up for our newsletters.<\/h3>\n<div class=\"terms\">By subscribing, you agree to our Terms of Use and Privacy Policy.<\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    TeslaElon MuskSpaceXxAI\n                                                            <\/p><\/div>\n<\/div>\n<\/footer>\n<\/article>\n<\/div>\n<div id=\"post-footer\" class=\"post-footer row\">\n<div class=\"col-shopping-break\">\n<hr>\n<\/div>\n<div class=\"col-comments\">\n<div id=\"comments\" class=\"post-comments none \">\n<header>\n<div class=\"heading\"><span class=\"comment-count\">0<\/span><span>Comments<\/span><\/div>\n<div class=\"comment-dropdown-tooltip\">\n<ul>\n<li>\n<li><\/ul>\n<\/div>\n<\/header>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"row post-body\">\n<aside class=\"post-body-sidebar\">\n<div class=\"post-body-sidebar-upper\">\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Tech &amp; Gadgets\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>May 28, 2026<\/time><\/div>\n<ul class=\"post-body-sidebar-hype-comments-container list-unstyled d-none d-lg-block\">\n<li><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<\/li>\n<li><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-sm-inline text\">Comments<\/span><\/span>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<\/li>\n<li><span class=\"text\">Save<\/span><\/li>\n<\/ul>\n<div class=\"post-body-sidebar-author d-none d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<\/div>\n<\/aside>\n<article class=\"post-body-article\">\n<div class=\"post-gallery-container small inner-media\">\n<div class=\"gallery-container post-gallery-contain\" role=\"region\" aria-label=\"Elon Musk Is Reportedly Exploring a SpaceX-Tesla Merger Ahead of the Largest IPO in History\">\n<div class=\"hb-gallery before-booted full-screen-enabled only-one-cell \" data-images=\"[{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/05\/28\/elon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg&quot;,&quot;alt&quot;:&quot;elon musk SpaceX Tesla Merger Rumored After Spacex Nasdaq Listing&quot;,&quot;width&quot;:1400,&quot;height&quot;:933,&quot;credit&quot;:&quot;Marc Piasecki\/Getty Images&quot;,&quot;caption&quot;:&quot;&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:null}}]\" role=\"list\">\n<div class=\"carousel-cell landscape\" data-gallery-index=\"1\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-3-2\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<div class=\"gallery-meta-container credit-wrapper\">\n<div class=\"credit \">Marc Piasecki\/Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Tech &amp; Gadgets<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>May 28, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-content\">\n<p><b>Summary<\/b><\/p>\n<ul>\n<li><i><span>CNBC<\/span><\/i><span> reports that Elon Musk has discussed merging SpaceX and Tesla with colleagues, with SpaceX set to debut on the Nasdaq under the ticker \u201cSPCX\u201d on June 12<\/span><\/li>\n<li><span>SpaceX is targeting a valuation of up to $1.75 trillion USD in what would be the largest IPO in history, while Tesla\u2019s current market cap sits around $1.6 trillion USD, putting a combined entity above $3 trillion USD<\/span><\/li>\n<li><span>Neither company has officially confirmed merger plans, but operational ties between the two run deep, and Musk controls 85% of SpaceX\u2019s voting power<\/span><\/li>\n<\/ul>\n<p><i><span>CNBC<\/span><\/i><span> reports, citing people familiar with the matter, that <\/span><span>Elon Musk<\/span><span> has floated the idea of merging <\/span><span>SpaceX<\/span><span> and <\/span><span>Tesla<\/span><span> with colleagues. The timing is deliberate: SpaceX filed its S-1 on May 20 and is expected to <\/span><span>begin trading on the Nasdaq<\/span><span> under the ticker \u201cSPCX\u201d on June 12, targeting a valuation of up to $1.75 trillion USD in what would be the largest public market debut in history. No official confirmation has come from either company, but the structural groundwork for a combination has been quietly assembling for years.<\/span><\/p>\n<p><span>The merger logic starts with AI. Both companies have evolved well beyond their original mandates and are now, at their cores, AI infrastructure businesses competing for the same resources: compute, power, and specialized engineering talent. <\/span><span>SpaceX merged with Musk\u2019s AI startup xAI<\/span><span> earlier in 2026, pushing its private market valuation to $1.25 trillion USD before the IPO filing. Tesla, meanwhile, disclosed a $2 billionUSD\u00a0 investment in xAI in January 2026, deepening the financial web connecting Musk\u2019s empire. The question a merger is really answering is not whether these companies are already intertwined \u2014 they clearly are \u2014 but whether a formal combination creates more capital firepower than the current arrangement.<\/span><\/p>\n<p><span>The operational ties are already closer than most corporate partnerships get. SpaceX has spent $697 million USD on Tesla Megapacks to power its AI data centers and another $131 million USD on Cybertrucks. Engineers, board members, and financial relationships move fluidly between the two. In 2024, <\/span><span>Nvidia<\/span><span> agreed to divert a $500 million USD GPU order away from Tesla to xAI at Musk\u2019s direct request. The companies share suppliers who already treat them as a single customer. Structurally, they are less two separate entities and more two operating divisions of the same informal holding company.<\/span><\/p>\n<p><span>The mechanics of actually combining them is where the complexity lives. A stock swap is the most likely vehicle, but determining the exchange ratio between a newly public SpaceX and a long-established Tesla creates an immediate valuation conflict of interest, given that Musk controls both. Legal experts cited in coverage of the <\/span><i><span>CNBC<\/span><\/i><span> report noted that a merger would likely survive antitrust scrutiny, since rockets and electric vehicles don\u2019t overlap in any market, but would face significant shareholder governance challenges. Tesla shareholders have no guarantee their interests would be prioritized in a swap structure that Musk, as the controlling party at SpaceX with 85% voting power, effectively sets the terms for. SpaceX\u2019s prospectus notes the company is a \u201ccontrolled company,\u201d which allows for exceptions to standard governance protections, meaning Class A shareholders have limited recourse.<\/span><\/p>\n<p><span>The precedent is not encouraging for minority investors. This would be the fourth time Musk has orchestrated a major transaction between companies he controls. SolarCity was folded into Tesla in 2016 in a deal that drew a shareholder lawsuit. xAI acquired X for $33 billion USD in March 2025 in a transaction that effectively restored a platform worth $9 billion USD to a $33 billion USD valuation on the back of xAI\u2019s balance sheet. Tesla\u2019s $2 billion USD xAI investment followed despite shareholders having previously rejected a similar proposal. Each deal has followed the same pattern: Musk moves first, shareholders absorb the complexity afterward.<\/span><\/p>\n<p><span>Wedbush analyst Dan Ives expects the partnership to culminate in a full merger by 2027, arguing both companies face identical constraints around power, compute, AI, and chip supply. Ross Gerber, CEO of Gerber Kawasaki, told CNBC a merger would allow Musk to fulfill a longstanding ambition of running one consolidated company while giving the combined entity the capital scale to compete in AI against Google and Microsoft. Walter Isaacson, who wrote the definitive Musk biography, put it plainly: \u201cElon Musk is always moving engineers back and forth between his companies. I think he wants to make this one big company.\u201d<\/span><\/p>\n<p><span>SpaceX is expected to begin trading on the Nasdaq under \u201cSPCX\u201d on June 12. Neither SpaceX nor Tesla has officially confirmed any merger discussions.<\/span><\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<footer>\n<div class=\"related-stories-main-wrapper\">\n<h3>Related Stories<\/h3>\n<div class=\"stories-container\" data-layer-list-name=\"related_stories\" data-layer-list-offset=\"0\" data-layer-list-child-selector=\".story-item\">\n<div class=\"story-item\" data-layer-item-id=\"6728989\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Meta AI Pendant and Supersensing Glasses Roadmap Leaks\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6730706\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Leica Cine Compact 1: Big-Screen 4K Magic in a Mini Projector\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6729189\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Leica Unveils Metallic Grey Finish Across Iconic Cameras\n                                                                        <\/div>\n<\/div>\n<\/div>\n<div class=\"article-email-signup-wrapper impression-tracker\">\n<h3>We got you covered. Don\u2019t miss out on the latest news by signing up for our newsletters.<\/h3>\n<div class=\"terms\">By subscribing, you agree to our Terms of Use and Privacy Policy.<\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    TeslaElon MuskSpaceXxAI\n                                                            <\/p><\/div>\n<\/div>\n<\/footer>\n<\/article>\n<\/div>\n<div class=\"post-body-sidebar-upper\">\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Tech &amp; Gadgets\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>May 28, 2026<\/time><\/div>\n<ul class=\"post-body-sidebar-hype-comments-container list-unstyled d-none d-lg-block\">\n<li><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<\/li>\n<li><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-sm-inline text\">Comments<\/span><\/span>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<\/li>\n<li><span class=\"text\">Save<\/span><\/li>\n<\/ul>\n<div class=\"post-body-sidebar-author d-none d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<hr class=\"sidebar-divider d-none d-lg-block\">\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<\/div>\n<div class=\"post-body-sidebar-category d-none d-lg-block\">\n<p>    Tech &amp; Gadgets\n                                                                                                    <\/p><\/div>\n<div class=\"post-body-sidebar-published d-none d-lg-block\"><time>May 28, 2026<\/time><\/div>\n<div class=\"post-body-sidebar-author d-none d-lg-block\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<div class=\"post-body-sidebar-credentials d-none d-lg-block\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<div class=\"post-body-sidebar-share d-none d-lg-block\">\n<h6>Share this article<\/h6>\n<\/div>\n<article class=\"post-body-article\">\n<div class=\"post-gallery-container small inner-media\">\n<div class=\"gallery-container post-gallery-contain\" role=\"region\" aria-label=\"Elon Musk Is Reportedly Exploring a SpaceX-Tesla Merger Ahead of the Largest IPO in History\">\n<div class=\"hb-gallery before-booted full-screen-enabled only-one-cell \" data-images=\"[{&quot;image&quot;:{&quot;description&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;image_caption&quot;:null,&quot;small&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=480&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;medium&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=720&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;large&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;xlarge&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;,&quot;full&quot;:&quot;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?w=1440&amp;cbr=1&amp;q=90&amp;fit=max&quot;},&quot;src&quot;:&quot;https:\/\/hypebeast.com\/image\/2026\/05\/28\/elon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg&quot;,&quot;alt&quot;:&quot;elon musk SpaceX Tesla Merger Rumored After Spacex Nasdaq Listing&quot;,&quot;width&quot;:1400,&quot;height&quot;:933,&quot;credit&quot;:&quot;Marc Piasecki\/Getty Images&quot;,&quot;caption&quot;:&quot;&quot;,&quot;creditKey&quot;:&quot;general&quot;,&quot;description&quot;:&quot;&quot;,&quot;annotations&quot;:null,&quot;shop&quot;:{&quot;url&quot;:null,&quot;label&quot;:null}}]\" role=\"list\">\n<div class=\"carousel-cell landscape\" data-gallery-index=\"1\" role=\"listitem\">\n<div class=\"carousel-cell-inner-wrapper\">\n<div class=\"carousel-cell-image-wrapper annotation-container fixed-ratio-3-2\">\n                                                                                                        <source data-srcset=\"https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-1.jpg?q=90&amp;w=1400&amp;cbr=1&amp;fit=max\" media=\"(min-width: 1260px)\" \/><\/div>\n<div class=\"gallery-meta-container credit-wrapper\">\n<div class=\"credit \">Marc Piasecki\/Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Tech &amp; Gadgets<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>May 28, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-content\">\n<p><b>Summary<\/b><\/p>\n<ul>\n<li><i><span>CNBC<\/span><\/i><span> reports that Elon Musk has discussed merging SpaceX and Tesla with colleagues, with SpaceX set to debut on the Nasdaq under the ticker \u201cSPCX\u201d on June 12<\/span><\/li>\n<li><span>SpaceX is targeting a valuation of up to $1.75 trillion USD in what would be the largest IPO in history, while Tesla\u2019s current market cap sits around $1.6 trillion USD, putting a combined entity above $3 trillion USD<\/span><\/li>\n<li><span>Neither company has officially confirmed merger plans, but operational ties between the two run deep, and Musk controls 85% of SpaceX\u2019s voting power<\/span><\/li>\n<\/ul>\n<p><i><span>CNBC<\/span><\/i><span> reports, citing people familiar with the matter, that <\/span><span>Elon Musk<\/span><span> has floated the idea of merging <\/span><span>SpaceX<\/span><span> and <\/span><span>Tesla<\/span><span> with colleagues. The timing is deliberate: SpaceX filed its S-1 on May 20 and is expected to <\/span><span>begin trading on the Nasdaq<\/span><span> under the ticker \u201cSPCX\u201d on June 12, targeting a valuation of up to $1.75 trillion USD in what would be the largest public market debut in history. No official confirmation has come from either company, but the structural groundwork for a combination has been quietly assembling for years.<\/span><\/p>\n<p><span>The merger logic starts with AI. Both companies have evolved well beyond their original mandates and are now, at their cores, AI infrastructure businesses competing for the same resources: compute, power, and specialized engineering talent. <\/span><span>SpaceX merged with Musk\u2019s AI startup xAI<\/span><span> earlier in 2026, pushing its private market valuation to $1.25 trillion USD before the IPO filing. Tesla, meanwhile, disclosed a $2 billionUSD\u00a0 investment in xAI in January 2026, deepening the financial web connecting Musk\u2019s empire. The question a merger is really answering is not whether these companies are already intertwined \u2014 they clearly are \u2014 but whether a formal combination creates more capital firepower than the current arrangement.<\/span><\/p>\n<p><span>The operational ties are already closer than most corporate partnerships get. SpaceX has spent $697 million USD on Tesla Megapacks to power its AI data centers and another $131 million USD on Cybertrucks. Engineers, board members, and financial relationships move fluidly between the two. In 2024, <\/span><span>Nvidia<\/span><span> agreed to divert a $500 million USD GPU order away from Tesla to xAI at Musk\u2019s direct request. The companies share suppliers who already treat them as a single customer. Structurally, they are less two separate entities and more two operating divisions of the same informal holding company.<\/span><\/p>\n<p><span>The mechanics of actually combining them is where the complexity lives. A stock swap is the most likely vehicle, but determining the exchange ratio between a newly public SpaceX and a long-established Tesla creates an immediate valuation conflict of interest, given that Musk controls both. Legal experts cited in coverage of the <\/span><i><span>CNBC<\/span><\/i><span> report noted that a merger would likely survive antitrust scrutiny, since rockets and electric vehicles don\u2019t overlap in any market, but would face significant shareholder governance challenges. Tesla shareholders have no guarantee their interests would be prioritized in a swap structure that Musk, as the controlling party at SpaceX with 85% voting power, effectively sets the terms for. SpaceX\u2019s prospectus notes the company is a \u201ccontrolled company,\u201d which allows for exceptions to standard governance protections, meaning Class A shareholders have limited recourse.<\/span><\/p>\n<p><span>The precedent is not encouraging for minority investors. This would be the fourth time Musk has orchestrated a major transaction between companies he controls. SolarCity was folded into Tesla in 2016 in a deal that drew a shareholder lawsuit. xAI acquired X for $33 billion USD in March 2025 in a transaction that effectively restored a platform worth $9 billion USD to a $33 billion USD valuation on the back of xAI\u2019s balance sheet. Tesla\u2019s $2 billion USD xAI investment followed despite shareholders having previously rejected a similar proposal. Each deal has followed the same pattern: Musk moves first, shareholders absorb the complexity afterward.<\/span><\/p>\n<p><span>Wedbush analyst Dan Ives expects the partnership to culminate in a full merger by 2027, arguing both companies face identical constraints around power, compute, AI, and chip supply. Ross Gerber, CEO of Gerber Kawasaki, told CNBC a merger would allow Musk to fulfill a longstanding ambition of running one consolidated company while giving the combined entity the capital scale to compete in AI against Google and Microsoft. Walter Isaacson, who wrote the definitive Musk biography, put it plainly: \u201cElon Musk is always moving engineers back and forth between his companies. I think he wants to make this one big company.\u201d<\/span><\/p>\n<p><span>SpaceX is expected to begin trading on the Nasdaq under \u201cSPCX\u201d on June 12. Neither SpaceX nor Tesla has officially confirmed any merger discussions.<\/span><\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<footer>\n<div class=\"related-stories-main-wrapper\">\n<h3>Related Stories<\/h3>\n<div class=\"stories-container\" data-layer-list-name=\"related_stories\" data-layer-list-offset=\"0\" data-layer-list-child-selector=\".story-item\">\n<div class=\"story-item\" data-layer-item-id=\"6728989\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Meta AI Pendant and Supersensing Glasses Roadmap Leaks\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6730706\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Leica Cine Compact 1: Big-Screen 4K Magic in a Mini Projector\n                                                                        <\/div>\n<div class=\"story-item\" data-layer-item-id=\"6729189\" data-layer-item-blog-id=\"1\" data-layer-item-type=\"post\"><span>&gt;<\/span>Leica Unveils Metallic Grey Finish Across Iconic Cameras\n                                                                        <\/div>\n<\/div>\n<\/div>\n<div class=\"article-email-signup-wrapper impression-tracker\">\n<h3>We got you covered. Don\u2019t miss out on the latest news by signing up for our newsletters.<\/h3>\n<div class=\"terms\">By subscribing, you agree to our Terms of Use and Privacy Policy.<\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    TeslaElon MuskSpaceXxAI\n                                                            <\/p><\/div>\n<\/div>\n<\/footer>\n<\/article>\n<div id=\"post-body-top-bar\" class=\"post-body-top-bar d-block d-lg-none\">\n<div class=\"row\">\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Tech &amp; Gadgets<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>May 28, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"post-body-top-bar-share-meta-container\">\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Tech &amp; Gadgets<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>May 28, 2026<\/time><\/span><\/div>\n<\/div>\n<div class=\"post-body-top-bar-meta\"><span class=\"post-body-top-bar-category\"><\/p>\n<p>    Tech &amp; Gadgets<br \/>\n                                                    <\/span><span class=\"post-body-top-bar-published\"><time>May 28, 2026<\/time><\/span><\/div>\n<div class=\"post-body-top-bar-hype-comments-container \"><span class=\"hype-count grey\"><br \/>\n             1.2K<br \/>\n    <\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Views<\/span><\/div>\n<p><span class=\"disqus-comment-count\"><span>0<\/span><span>\u00a0<\/span><span class=\"d-none d-none text\">Comments<\/span><\/span><\/p>\n<div class=\"floating-tooltip\" role=\"tooltip\"><span>Comments<\/span><\/div>\n<p><span class=\"text\">Save<\/span><\/div>\n<div class=\"post-body-content\">\n<p><b>Summary<\/b><\/p>\n<ul>\n<li><i><span>CNBC<\/span><\/i><span> reports that Elon Musk has discussed merging SpaceX and Tesla with colleagues, with SpaceX set to debut on the Nasdaq under the ticker \u201cSPCX\u201d on June 12<\/span><\/li>\n<li><span>SpaceX is targeting a valuation of up to $1.75 trillion USD in what would be the largest IPO in history, while Tesla\u2019s current market cap sits around $1.6 trillion USD, putting a combined entity above $3 trillion USD<\/span><\/li>\n<li><span>Neither company has officially confirmed merger plans, but operational ties between the two run deep, and Musk controls 85% of SpaceX\u2019s voting power<\/span><\/li>\n<\/ul>\n<p><i><span>CNBC<\/span><\/i><span> reports, citing people familiar with the matter, that <\/span><span>Elon Musk<\/span><span> has floated the idea of merging <\/span><span>SpaceX<\/span><span> and <\/span><span>Tesla<\/span><span> with colleagues. The timing is deliberate: SpaceX filed its S-1 on May 20 and is expected to <\/span><span>begin trading on the Nasdaq<\/span><span> under the ticker \u201cSPCX\u201d on June 12, targeting a valuation of up to $1.75 trillion USD in what would be the largest public market debut in history. No official confirmation has come from either company, but the structural groundwork for a combination has been quietly assembling for years.<\/span><\/p>\n<p><span>The merger logic starts with AI. Both companies have evolved well beyond their original mandates and are now, at their cores, AI infrastructure businesses competing for the same resources: compute, power, and specialized engineering talent. <\/span><span>SpaceX merged with Musk\u2019s AI startup xAI<\/span><span> earlier in 2026, pushing its private market valuation to $1.25 trillion USD before the IPO filing. Tesla, meanwhile, disclosed a $2 billionUSD\u00a0 investment in xAI in January 2026, deepening the financial web connecting Musk\u2019s empire. The question a merger is really answering is not whether these companies are already intertwined \u2014 they clearly are \u2014 but whether a formal combination creates more capital firepower than the current arrangement.<\/span><\/p>\n<p><span>The operational ties are already closer than most corporate partnerships get. SpaceX has spent $697 million USD on Tesla Megapacks to power its AI data centers and another $131 million USD on Cybertrucks. Engineers, board members, and financial relationships move fluidly between the two. In 2024, <\/span><span>Nvidia<\/span><span> agreed to divert a $500 million USD GPU order away from Tesla to xAI at Musk\u2019s direct request. The companies share suppliers who already treat them as a single customer. Structurally, they are less two separate entities and more two operating divisions of the same informal holding company.<\/span><\/p>\n<p><span>The mechanics of actually combining them is where the complexity lives. A stock swap is the most likely vehicle, but determining the exchange ratio between a newly public SpaceX and a long-established Tesla creates an immediate valuation conflict of interest, given that Musk controls both. Legal experts cited in coverage of the <\/span><i><span>CNBC<\/span><\/i><span> report noted that a merger would likely survive antitrust scrutiny, since rockets and electric vehicles don\u2019t overlap in any market, but would face significant shareholder governance challenges. Tesla shareholders have no guarantee their interests would be prioritized in a swap structure that Musk, as the controlling party at SpaceX with 85% voting power, effectively sets the terms for. SpaceX\u2019s prospectus notes the company is a \u201ccontrolled company,\u201d which allows for exceptions to standard governance protections, meaning Class A shareholders have limited recourse.<\/span><\/p>\n<p><span>The precedent is not encouraging for minority investors. This would be the fourth time Musk has orchestrated a major transaction between companies he controls. SolarCity was folded into Tesla in 2016 in a deal that drew a shareholder lawsuit. xAI acquired X for $33 billion USD in March 2025 in a transaction that effectively restored a platform worth $9 billion USD to a $33 billion USD valuation on the back of xAI\u2019s balance sheet. Tesla\u2019s $2 billion USD xAI investment followed despite shareholders having previously rejected a similar proposal. Each deal has followed the same pattern: Musk moves first, shareholders absorb the complexity afterward.<\/span><\/p>\n<p><span>Wedbush analyst Dan Ives expects the partnership to culminate in a full merger by 2027, arguing both companies face identical constraints around power, compute, AI, and chip supply. Ross Gerber, CEO of Gerber Kawasaki, told CNBC a merger would allow Musk to fulfill a longstanding ambition of running one consolidated company while giving the combined entity the capital scale to compete in AI against Google and Microsoft. Walter Isaacson, who wrote the definitive Musk biography, put it plainly: \u201cElon Musk is always moving engineers back and forth between his companies. I think he wants to make this one big company.\u201d<\/span><\/p>\n<p><span>SpaceX is expected to begin trading on the Nasdaq under \u201cSPCX\u201d on June 12. Neither SpaceX nor Tesla has officially confirmed any merger discussions.<\/span><\/p>\n<div class=\"show-article\">\n<p>                                                            Read Full Article<\/p><\/div>\n<\/div>\n<div class=\"post-body-author d-block d-lg-none\">\n<hr class=\"sidebar-divider share-divider\">\n<h6>Text By<\/h6>\n<p><span class=\"author-name\">Sophie Caraan<\/span><\/div>\n<div class=\"post-body-credentials d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<div class=\"credential\">\n<h6>Editor Assistant<\/h6>\n<p><span>Mai Vo<\/span><\/div>\n<\/div>\n<div class=\"post-body-share d-block d-lg-none\">\n<hr class=\"sidebar-divider\">\n<h6>Share this article<\/h6>\n<\/div>\n<div class=\"post-body-content-tags\">\n<div class=\"body collapsed\">\n<p>    TeslaElon MuskSpaceXxAI\n                                                            <\/p><\/div>\n<\/div>\n<p>[analyse_source url=&#8221;https:\/\/hypebeast.com\/2026\/5\/elon-musk-spacex-tesla-merger-rumored-after-spacex-nasdaq-listing&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/image-cdn.hypb.st\/https%3A%2F%2Fhypebeast.com%2Fimage%2F2026%2F05%2F28%2Felon-musk-SpaceX-Tesla-Merger-Rumored-After-Spacex-Nasdaq-Listing-tw.jpg?w=1080&amp;cbr=1&amp;q=90&amp;fit=max&#8221;] Tech &amp; Gadgets May 28, 2026 1.2K Views 0\u00a0Comments Comments Save Text By Sophie Caraan Editor Assistant Mai Vo Share this article Marc Piasecki\/Getty Images Tech &amp; Gadgets May 28, 2026 1.2K Views 0\u00a0Comments Comments Save Summary CNBC reports that Elon Musk has discussed merging SpaceX and Tesla with colleagues, with SpaceX [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[226,39],"class_list":["post-1970008","post","type-post","status-publish","format-standard","hentry","category-politics","tag-crawlmanager","tag-hypebeast-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1970008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1970008"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/1970008\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1970008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1970008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1970008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}