A Benzinga poll of viewers of its PreMarket Playbook show, taken on October 16, found 70% expect a Tesla and SpaceX merger and 25% expect the companies to stay separate, from 100 respondents. Prediction market Kalshi is far less optimistic, putting the odds of a merger before January 1, 2027 at 15% and of completion by April 1, 2027 at 49%. Investor Gary Black calls a merger 'inevitable' because Musk holds significant voting control at both companies, but warns of 'massive dilution' in a stock-for-stock deal. RBC Capital analyst Tom Narayan predicts SpaceX will acquire Tesla for $480 per share, valuing the combined company at $3.74 trillion, with Tesla shareholders owning about 48%. Tesla's annual meeting, which includes board elections, takes place on December 3, and any merger would need shareholder approval.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
TSLASpaceXmergers and acquisitionsElon Musk
Open a keyword to see other news on the same topic.
Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- A SpaceX And Tesla Merger Would Consolidate 30,000 Bitcoin
Elon Musk confirmed that SpaceX (SPCX) and Tesla (TSLA) are exploring a merger, with special committees formed at both companies to assess it. The combined company would hold 30,221 Bitcoin, including SpaceX's reported 18,712 BTC and Tesla's 11,509 BTC, worth about $2.5 billion. The comments came during SpaceX's third-quarter earnings call, where revenue rose 161% year-over-year to $14.58 billion and EPS of $0.35 beat the $0.13 Wall Street forecast. The stock, which had fallen 8% since its June IPO to $158.59 per share, rose nearly 10% after the report.
- Elon Musk Says SpaceX, Tesla Exploring Merger; Satellite Company's Shares Rally
- SpaceX Soars 11% on 161% Revenue Jump as Musk Sees "A Lot of Merit" in Tesla Merger
SpaceX shares rose 11% after third-quarter revenue jumped 161% to $14.6 billion and net income swung to $4.4 billion from a $1.1 billion loss a year earlier. Its AI segment, Super Intelligence, generated $7.56 billion in revenue and a $431 million operating profit, surpassing the Connectivity segment that houses Starlink. Capex was $16.4 billion in the quarter alone, and $48.1 billion over the first nine months against $13.1 billion of operating cash flow, so the company is relying on its $89.9 billion of cash and marketable securities. Elon Musk said the boards of Tesla and SpaceX have formed special committees to review a possible merger, with no terms or timeline yet.
- Musk confirms merger exploration, takeaways from Nvidia's Huang at GTC Berlin event
Hosts Julie Hyman, Pras Subramanian and Jake Conley discuss takeaways from Nvidia's (NVDA) Jensen Huang at the GTC Berlin AI Conference. They also cover a possible merger between SpaceX (SPCX) and Tesla (TSLA), and Super Micro (SMCI.TO) beating estimates, which reassured tech investors.
- A SpaceX Merger Is All the Rage Today
- SpaceX and Tesla Form Merger Exploration Committee That Excludes Elon Musk
Tesla and SpaceX have each formed committees of independent directors to explore a possible merger, and Elon Musk is staying out of the talks because of his ownership in both companies. Musk cautioned that a deal is not guaranteed, though the business logic is strengthening as Tesla moves into robotaxis, Optimus robots and AI, while SpaceX covers satellites, rocket launches and AI computing. SpaceX reported third-quarter revenue of $14.6 billion, up 161%, and net income of $4.4 billion, with its AI business generating $7.6 billion and capital expenditures reaching $19.6 billion. The article warns that Tesla shareholders could end up funding projects unrelated to vehicles, and that both companies' high valuations do not automatically justify a combination. Any transaction would require agreement between the committees and possibly shareholder approval.
Related markets
Latest news
- SpaceX Just Reported a 161% Jump in Quarterly Revenue. Wall Street Analysts Were Off by $1.6 Billion as Stock Soars 9%
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year and above the $13.02 billion consensus. Its Super Intelligence business, which leases AI computing power and sells Grok products and Cursor, generated $7.6 billion, up 830%, while Connectivity revenue rose 69% to $5.2 billion with 13.6 million consumer subscribers. The company posted $2.8 billion in operating income and $4.4 billion in net income versus a $1.1 billion net loss a year earlier, though capital spending reached $19.6 billion and is expected to be $35 billion to $40 billion in the fourth quarter, and some margin benefit came from one-time tariff refunds. Elon Musk said a combination with Tesla 'would be a good idea', but the special committees have not agreed on any terms, and SpaceX guided first-quarter 2027 revenue to $33 billion to $37 billion. Shares rose 9.4% to $161.64 in early trading.
- New energy shock hits Germany
Producer prices for refined petroleum products in Germany rose 51.3% year on year in September, according to Destatis, with heating oil up 91.8% and motor fuel up 48.6%. Overall producer prices climbed 6.7%, the steepest rise since March 2023, while Germany's crude oil import costs rose 21.7% to €30 billion in the first eight months of 2026. Destatis attributed the increase to higher crude prices amid the Middle East conflict; the report also cites disruption in the Strait of Hormuz and Brent topping $111 a barrel on October 20. Germany has faced higher costs since halting Russian gas imports, and Berlin reportedly spent about €50 billion to cushion the impact. Meanwhile, corporate insolvencies in the first half of 2026 reached their highest level in 13 years.
- AI's billion-dollar question: When will the spending pay off?
Speakers in this discussion argue AI infrastructure spending faces a timing gap, since months can pass between when computing hardware ships and when it starts earning revenue, leaving a large amount of capital tied up. As an example, a buyer of $10 million in Nvidia chips may need six months to get them running while that money sits on its balance sheet. They also point to a wider gap between total AI spending and the revenue it generates, and note that some reports suggest the size of returns may depend on technological innovation. Easing supply chain bottlenecks, they say, would help companies bring computing capacity online faster.
- Here's how Meta's earnings could end up being a recipe for disaster
Meta's earnings report tonight is closely watched because it sits at the intersection of the AI spending story and the advertising business that funds it. Investors want to know whether AI is helping advertisers reach customers and generate enough extra revenue to justify the infrastructure investment, and how much more Zuckerberg plans to spend. Meta shares lost $12 yesterday and were rising back to around 490 this morning. The speaker argues that if Zuckerberg shows profits can grow alongside spending, confidence in the AI trade will be restored, but a bigger spending plan without convincing earnings growth would be a recipe for disaster.
- Prediction: Nvidia’s Road to $1 Trillion in Annual Revenue Could Transform Its Stock
Nvidia reported $96.22B in quarterly revenue, up 105.8% year over year, and guided to $108B for the current quarter, yet the stock is up only 15.08% year to date. The article says reaching $350 in 2027 would require a 63.5% gain from the $214.13 price, and its model's central estimate is $258.42. Key risks include investor worries about AI funding, $279B in supply commitments, and guidance that excludes China data center compute revenue. The author says this scenario depends on Vera Rubin ramping as the fastest launch in Nvidia's history, supply easing and markets not pricing in a funding scare, calling $350 'a stretch, but a credible one.'
- Ex-Google CEO got the job after a Burning Man trip with Larry Page. Now an ex’s intro could make him $20B on Anthropic
Eric Schmidt was vetted by Sergey Brin and Larry Page and hired as Google's CEO after an unconventional interview process, with Brin citing Schmidt as the only CEO finalist who had gone to Burning Man. In 2011, Schmidt began dating Camilla Clark for three years; she later married Anthropic CEO Dario Amodei. In 2018, that connection led Schmidt to meet with her and her then-partner to discuss Anthropic, and he invested early and now owns about 1% of the company. According to the Financial Times, Anthropic could be valued at as much as $2 trillion in an IPO, which could make Schmidt's stake worth $20 billion, more than half his current net worth per Forbes, compared with the roughly $461 million valuation when he invested.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.