Report: SpaceX and Tesla push for a merger by mid-2027
According to Bloomberg, the two Musk companies are pushing for a combination that would imply a market value of about $3.7 trillion. It has not been confirmed.
Symbolic image · Photo: Lars Plougmann from United States / Wikimedia Commons, CC BY-SA 2.0 (cropped and resized)
SpaceX and Tesla, Elon Musk's two largest companies, are pushing for a merger, Bloomberg News reported. Citing people familiar with the matter, it said the companies aim to complete a combination by the first half of 2027. The combined company would have an implied market value of about $3.7 trillion. The sources reviewed contained no official confirmation from the companies; the report remains unconfirmed.
Both stocks fell on Thursday. SpaceX shares lost 9.1%, giving back more than half of their gain from the previous day, when the space company reported quarterly results. Tesla fell 3.1% to $374.58. The carmaker had earlier said it would cut its 2026 capital spending from about $25 billion to about $20 billion.