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.
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mergers and acquisitionsSpaceXTSLAElon Musk
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: high
| 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.
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