News · Yahoo Finance

Musk Says SpaceX, Tesla Merger Makes Sense

Elon Musk said combining SpaceX and Tesla makes sense, pointing to significant gains from cooperating on superintelligence software, chip design, the Terafab, robotics and mass-to-orbit launches. Speaking on SpaceX's earnings webcast on Tuesday, he said he would not take part in any committee discussions on the idea, which he said is up to the special committees of both companies.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

Elon Muskmergers and acquisitionsTSLASpaceX

Open a keyword to see other news on the same topic.

Related tickers and likely impact

TSLA

• Neutral

Tesla, Inc.

Relevance: high

MarketUS stocks
SectorConsumer Discretionary
IndustryAutomobile Manufacturers
Market cap$1.4T
Close on 10/20/2026373.77
Change that session+1.55%
TSLA price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • How a SpaceX and Tesla Merger Would Reshape Musk’s AI Empire

    Elon Musk said the boards of SpaceX and Tesla have each formed special committees of independent directors to study a merger, though no terms have been agreed. A combined company valued at roughly $3.5 trillion would own the Grok chatbot, X, Starlink, the Terafab chip project, the Starmind orbital data center plan, and Tesla’s robotaxi and Optimus businesses. Any deal needs backing from 50% of all outstanding Tesla shares, which Musk called “quite a high hurdle,” and Tesla’s annual meeting is set for December 3. SpaceX reported third-quarter revenue of $14.58 billion, above the $12.72 billion analysts expected, while Musk warned that assuming a merger is certain “would be overstating it.”

    Yahoo Finance·• TSLATSLASpaceXmergers and acquisitions
  • Update: Equities Rise Intraday as Markets Parse SpaceX Earnings, Potential Merger With TeslaYahoo Finance·• TSLA▲ SPYTSLASPYSpaceX
  • Cold Water: Tesla and SpaceX Merger “Won’t Add Much Value” per Gary Black

    Gary Black, managing partner of The Future Fund, argues that an all-stock Tesla–SpaceX deal at about $420 per Tesla share, roughly 10% above the current price, would add little value. Tesla trades at 191.6x forward earnings, well above its three-year average of 135.1x and above SpaceX's multiple, so the combined company would likely be valued at SpaceX's lower level. Tesla's normalized EPS fell from $3.12 in fiscal 2023 to $1.66 in fiscal 2025, with analysts expecting $2.17 in fiscal 2027. Musk said special committees at both companies are studying the idea and that he thinks it would be a good idea, but no terms have been agreed.

    Yahoo Finance·▼ TSLATSLASpaceXmergers and acquisitions
  • Altimeter's Gerstner Puts $420–$550 Range On Tesla In Potential SpaceX Merger

    Altimeter Capital CEO Brad Gerstner said a Tesla–SpaceX merger could price Tesla shares at roughly $420 to $550. He argued that the special committee reviewing any deal would likely seek a control premium above the usual 20–30% to protect Tesla shareholders from conflicts and lawsuits, given Elon Musk's large stakes in both firms. Gerstner cited scale as the core rationale: SpaceX is deploying 200,000 GB300 chips per month and targets 10 gigawatts of capacity next year, requiring hundreds of billions of dollars that a combined balance sheet could fund more easily. Musk said on SpaceX's third-quarter earnings call that a merger should not be assumed to be a certainty, though he views it as a good idea that would need broad shareholder support. On Stocktwits, retail sentiment on SPCX turned bullish while TSLA is down 14% year to date; SPCX trades near $159, above its $135 IPO price.

    Yahoo Finance·▲ TSLATSLASpaceXmergers and acquisitions
  • Tesla is trading more like SpaceX than a car company

    Tesla (TSLA) has recently moved much more in step with SpaceX (SPCX): over the past 20 sessions, their correlation is 0.64, versus 0.15 in SpaceX's first 20 sessions after its June IPO. By contrast, Tesla's correlation with GM and Ford is negative, at -0.10 and -0.14. Since Elon Musk first hinted at a combination of the two companies, Tesla has risen about 4% through Tuesday, while GM and Ford have each fallen more than 11%. After removing Nasdaq 100 moves, the leftover correlation between Tesla and SpaceX is 0.32, which the article links to merger trading; SpaceX is valued at about $2.25 trillion versus about $1.52 trillion for Tesla. Options are pricing a 5.4% move after Tesla's third-quarter report, while Tesla's actual median post-earnings move since 2023 has been closer to 10% in either direction.

    Yahoo Finance·• TSLATSLASpaceXmergers and acquisitions
  • SpaceX, Tesla Boards Study Possible $3.5 Trillion Merger

    Elon Musk has openly backed a possible merger of SpaceX and Tesla, which would be the biggest corporate merger ever. Bloomberg Intelligence’s Sana Pashankar said it seems more a matter of when than if, though the outcome depends on shareholder support, particularly at Tesla. Sources suggest the companies may want to close a deal within the current administration given a favorable regulatory environment, though timing remains hard to predict. On earnings, SpaceX beat estimates for net income and revenue, driven by Starlink sales to government and business customers and its AI business leasing computing capacity to other AI firms, while losses narrowed from the previous quarter. Greater adoption of Grok also contributed to the improvement.

    Yahoo Finance·• TSLAmergers and acquisitionsSpaceXTSLA

Related markets

US stocks →

Latest news

  • Why Super Micro Computer Stock Popped Today

    Super Micro Computer (SMCI) shares rose 9.19% on Wednesday after the server maker announced preliminary results. It expects fiscal 2027 first-quarter revenue of $18.5 billion to $19.5 billion, well above its prior guidance of $14.5 billion to $15.5 billion and Wall Street's roughly $15 billion estimate, driven by rising AI demand. Gross margin is projected at 12% to 12.5%, up from 10.4% to 10.8%, due to a more favorable customer and product mix, and fellow server makers Dell and Hewlett Packard Enterprise also rose. The earnings call is scheduled for Nov. 3 at 5:00 p.m. ET.

    Yahoo Finance·• NVDAearningsartificial intelligenceSuper Micro Computer
  • BlackRock's Rick Rieder sees 'historic' opportunity in high-quality bonds

    BlackRock's Rick Rieder told CNBC that investors have a 'historic' chance to earn attractive yields in high-quality credit despite bond market volatility. He said a diversified portfolio could now yield over 7% with under three years of duration and an average credit quality of A-, a level that usually appears only during economic or default problems, which he does not see now. Rieder favors investment-grade corporates, including hyperscalers like Alphabet, Amazon, Meta and Oracle, which have low leverage and strong cash flows, though they have issued about $228.4 billion in bonds this year. He advises patience since rates could still rise, and caution outside investment grade, especially AI data center debt not backed by hyperscalers. He expects the Fed to hike in December, though he disagrees, and flags rising government debt, with the US fiscal 2026 deficit at $2 trillion.

    CNBC·• DXYbondsinterest ratesFed
  • Almadex Expands Claim Block at New Hope, Provides Exploration Update

    Almadex Minerals expanded its claim block at the New Hope copper-gold porphyry project in Arizona, covering a broad area of high chargeability east of its two-hole drilling campaign. Mapping and geophysics suggest the drilled holes sit on the western edge of a 2.5 km x 0.75 km zone of phyllic and remnant lithocap alteration, and IP work extended the anomaly 1.95 km east. The second hole returned 6.00 metres at 0.15% copper and 156 ppm molybdenum, including 2.00 metres at 0.34% copper. The company is designing a potential phase II drilling program. At the King target in Colorado, one hole reached 980 metres, and samples are awaiting assay.

    Yahoo Finance·goldminingAlmadex Minerals
  • Mustang Completes IP Geophysical Surveys and Announces Q4 Drilling Plans for the Confusion Hills Project, Nevada, USA

    Mustang Minerals has completed IP geophysical surveys at its Confusion Hills and Pilot projects in Nevada, helping better define drill targets. Pilot still needs further work before drilling, while the company has enough information to plan a single-hole exploratory diamond drilling program at Confusion Hills, where preparatory work has begun. Confusion Hills covers a 1.6 km x 0.5 km high sulphidation lithocap, where grab samples reached up to 7.1 g/t gold, and 6 samples returned over 0.1 g/t gold, averaging 1.6 g/t. Mustang will update when drilling begins. The Pilot copper-gold prospect has an approved drill permit, and the company also holds the Red Ring project.

    Yahoo Finance·goldminingMustang Minerals
  • Warren Buffett's Latest Warning Is Sending Shockwaves Through Wall Street. Here's What History Says Could Happen Next.

    Warren Buffett's Berkshire Hathaway portfolio has returned an average compound annual 19.7% over six decades, versus 10.5% for the S&P 500, and he has recently warned about a 'gambling mood' in the stock market and high equity prices. The S&P 500's CAPE ratio stands at 40.7, far above its average of 17.4 and exceeded only during the dot-com bubble, when it peaked at 44 in late 1999. In his final meeting as Berkshire CEO in May 2025, Buffett warned that the US fiscal deficit was unsustainable; the article argues the situation has since worsened, with Brent crude up 80% since the start of the year and September inflation at 3.7%, well above the Fed's 2% target. Higher inflation erodes the value of cash and keeps interest rates high, which could be particularly harmful for the AI industry. The article recalls Buffett's 2021 advice to 'never bet against America' and suggests that time in the market usually beats trying to time it.

    Yahoo Finance·▼ QQQ▼ SPYWarren BuffettS&P 500valuation
  • AST SpaceMobile Hit a 52-Week Low Days After SpaceX Spent $8 Billion on Spectrum. That's Not a Coincidence.

    AST SpaceMobile hit a 52-week low of $39.02 on Oct. 20, 12 days after SpaceX agreed to buy Grain Management's nationwide 800 MHz low-band spectrum for $8 billion. The article says the deal could let Starlink, combined with over 10,000 active satellites, become a standalone wireless carrier, threatening AT&T and Verizon's plans with AST. However, the author argues the sell-off is an overreaction, since carriers may need to invest more in AST's satellites to compete, and SpaceX's move may push more carriers toward AST. AST has launched 13 BlueBird satellites and needs at least 45 for stable service, and the decline is attributed mainly to a valuation of 74 times this year's sales. Analysts expect revenue to rise from $168 million in 2026 to $1.73 billion in 2028.

    Yahoo Finance·SpaceXAST SpaceMobiletelecommunications

All news →

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.