SpaceX-Tesla Merger Could Be Announced as Soon as December Renato Neves, CFA Fri, November 13, 2026 at 7:03 AM EST 1 min read SPCX +0.42% TSLA +0.97% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Tesla Inc. (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX), Elon Musk's two largest companies, are progressing in merger talks, Bloomberg reported. An announcement could come as soon as December, though the companies have also discussed it slipping into early 2027, according to people familiar with the matter. Neither company immediately responded to requests for comment. Tesla shares were up 0.61% and SpaceX 0.49% in premarket.
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Musk said in October that both boards had formed special committees of independent directors to consider a combination. The boards and their advisers are now working out the terms and governance of the combined company, including how many SpaceX shares Tesla investors would receive. One hurdle is how to ring-fence Tesla's operations in China. JPMorgan analyst Rajat Gupta told clients last month that SpaceX's U.S. defense contracts and Tesla's China footprint are key dynamics that are at odds with each other for regulatory and shareholder approval.
SpaceX has a market value of more than $1.9 trillion following its June IPO, while Tesla is worth about $1.5 trillion. The companies are already building a joint chip plant in Texas called Terafab. Tesla holds its annual shareholder meeting on December 3.
