Tesla and SpaceX, both led by Elon Musk, have each formed special committees of independent directors to explore deepening their relationship, which could include a business combination, though no terms have been agreed and no deal is assured. Musk, who said he is a conflicted party, is not taking part in the committees’ discussions. In the quarter ended September 30, Tesla recorded $221 million of revenue from selling Megapacks to SpaceX and was owed $729 million in receivables from SpaceX. The companies are also jointly planning Terafab, a semiconductor plant in Grimes County, Texas, with an initial investment of about $16.8 billion, to make chips for AI, robotics and space-based computing. Tesla holds an equity stake of less than 1% in SpaceX, with a fair value of $2.9 billion as of September 30.
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TSLASpaceXmergers and acquisitionsElon Musksemiconductors
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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 10/22/2026 | 374.67 |
| Change that session | -3.05% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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