Speculation over a potential Tesla-SpaceX merger has resurfaced, with reports suggesting that executives have evaluated possible structures while Elon Musk considers closer ties between his companies.
The discussions come as SpaceX prepares to release its first earnings report as a publicly traded company. Its shares recently closed at about $108.37, down roughly 30% from their $150 IPO price and nearly 50% below their $225.64 peak. Investors are also watching the expiration of a lockup period that could release up to 20% of outstanding shares.
According to the reports, a combination could link Tesla’s electric vehicle and manufacturing operations with SpaceX’s space, communications and government contracting activities. Potential benefits include shared AI and computing investments, engineering expertise, supply chains and research spending.
The prospect also raises regulatory concerns, particularly around Tesla’s operations in China, SpaceX’s US government and defense contracts, and access to vehicle data. A merger would likely face scrutiny in the United States, Europe and China.
Investor concerns extend to SpaceX’s spending plans. Analysts estimate capital expenditure could rise from about $48.7B this year to more than $118B by 2028, while debt could exceed $218B.
Neither Tesla nor SpaceX has confirmed merger plans. For now, the discussion remains based on media reports and internal evaluations.
Source: EntArabi
