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TSLAElon MuskSpaceXmergers and acquisitions
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, 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.
Related news
- SpaceX and Tesla Form Merger Exploration Committee That Excludes Elon Musk
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- EXCLUSIVE: Tesla SpaceX Merger? 70% of Benzinga Viewers Say Elon Musk Will Get There — But Not When You Think
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.
- Tesla Earnings Prediction Market Preview: Will Elon Musk Discuss a SpaceX Merger?
Tesla (NASDAQ:TSLA) reports third-quarter earnings after the bell on Wednesday, a day after CEO Elon Musk confirmed that independent committees are exploring a merger with SpaceX (NASDAQ:SPCX). Analysts expect adjusted earnings of 43 cents a share on $27.88 billion in revenue.
- SpaceX Stock Surges 7% Following Strong Revenue Groand And Merger Talk
SpaceX shares rose 7% in pre-market trading after the company reported third-quarter revenue of $14.6 billion, up 161% from a year earlier and above estimates of $13 billion. Net income reached $4.4 billion versus a $1.05 billion loss last year, and adjusted EBITDA hit $8.8 billion, driven by its AI unit, whose revenue rose to $7.56 billion from $813 million. Starlink connectivity revenue reached $5.2 billion, up 69%, as consumer subscribers grew by 1.6 million to 13.6 million. The company forecast first-quarter 2027 revenue of $33 billion to $37 billion, versus analysts’ expectations of $22.2 billion, and reported a $63 billion backlog. Musk’s comments on a possible Tesla merger also drew attention.
- Musk says he's exploring a SpaceX-Tesla megamerger. What would a combined company be worth?
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JPMorgan analyst Doug Anmuth more than doubled his SpaceX (SPCX) price target to $500 from $240 on Oct. 21, implying 209% upside, even though the stock is still well below its June 16 high. Third-quarter revenue rose 161% to $14.6 billion, and SpaceX swung to $4.4 billion of net income from a $1.1 billion loss, with first-quarter 2027 revenue guided to $33 billion–$37 billion. Analysts' 2027 EPS estimate has risen to $2.25 from $0.65 three months ago, yet $500 equals 222x that figure, versus a consensus target of $223 as of Oct. 20. The article calls the target plausible but stretched, holding only if the annual recurring revenue forecast from CEO Elon Musk materializes, with capex of $19.6 billion in the third quarter and $35–40 billion expected in the fourth as key risks.
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