Tesla and SpaceX Could Announce a Merger as Soon as December Omor Ibne Ehsan Fri, November 13, 2026 at 8:08 AM EST 5 min read TSLA +1.31% SPCX +0.69% VOD -1.03% 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 and SpaceX merger talks are reportedly advancing, with an announcement possible in December, but nothing is signed and no price or exchange ratio exists.
Musk said special committees "have not reached agreement on the terms of any transaction, and obviously there's no guarantee that they will."
Musk's 286 million restricted shares would vest early under a change in control, leaving outside holders relying on independent committees negotiating against him.
Building a portfolio and living off one are two completely different skills, and almost nobody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Tesla (NASDAQ:TSLA) and SpaceX (NASDAQ:SPCX), Elon Musk's two largest companies, are reportedly near a merger. On Thursday, November 12, 2026, a report citing people familiar with the matter said merger talks between SpaceX and Tesla are progressing. It said an announcement could come as early as December, with a slip into early 2027 also discussed.
Nothing has been signed. Neither company commented, and no one has disclosed a price, an exchange ratio, or a premium. If you own Tesla, the reported structure would convert your shares into SpaceX stock at a ratio no one has seen yet.
Tesla rose as much as 1.9% on the report and closed at $397.45, up 1.69%. SpaceX gained only 0.14% in the regular session to close at $139.94. It rose 1.44% to $141.96 in after-hours trading, while Tesla added 0.61%.
The talks reportedly center on price and control, and boards and advisers on both sides are involved; under the reported structure, Tesla investors would receive SpaceX shares, so SpaceX would take over Tesla. The share count is still being negotiated.
The companies also reportedly want to close before President Trump leaves office. It remains a stated goal, but no filing sets a timetable.
Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years.
That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here ›
The on-the-record evidence is narrower. Musk spoke. On SpaceX's October 20, 2026 earnings call, he said: "The special committees have not reached agreement on the terms of any transaction, and obviously there's no guarantee that they will."
A merger would swap your stake. You would trade an automaker and robotics business stake for a stake in rockets, Starlink satellite internet, and AI computing. In the third quarter, SpaceX had revenue of $14.60 billion. Its AI segment brought in $7.6 billion, and its Connectivity segment brought in $5.2 billion.
Tesla had more revenue, at $28.046 billion, but it made net income of $787 million. SpaceX made $4.4 billion. Tesla's market value is $1.57 trillion, and SpaceX's is $1.9 trillion. Each one alone is far larger than the $183 billion Vodafone (NASDAQ:VOD) takeover of Mannesmann, the largest deal on record.
SpaceX holds over $6 billion in multi-year U.S. Space Force contracts. Tesla, by contrast, depends on China, where its Giga Shanghai plant shipped 67,829 vehicles in October.
Ring-fencing would mean putting Shanghai inside a separate structure with its own governance and limits on sharing data and technology. Working that out could slow a deal or change its shape.
Musk benefits personally. Under a change in control, his 286 million restricted shares from the 2018 package would vest early.
Musk owns about 20% of Tesla and held roughly 85% of SpaceX's voting power. That leaves outside holders relying on the independent committees to negotiate against the man who controls the buyer.
The first checkpoint is Tesla's December 3, 2026 annual meeting. Musk, chair Robyn Denholm, and JB Straubel are up for re-election there, along with a vote on executive pay.
If SpaceX takes over Tesla, Tesla holders would own SpaceX. But that would be on terms set by Musk's pay incentives, with the China question still open. SpaceX shares already trade directly, without Tesla's 414 times earnings valuation. SpaceX's quiet regular session suggests the market has priced in very little of a deal.
The test for this view is a specific filing, and if either company files an 8-K disclosing a definitive agreement by December 31, 2026, the timeline was real. If December passes with no filing, Tesla's 15.64% one-week gain looks overdone.
(Sponsor) Most people spend their entire working lives focusing on one thing: growing a pile of money. Then they retire and discover the skill they actually need is close to the opposite. Turning that pile into steady income, year after year, through good markets and bad, without ever running out.
It may be the least discussed and most consequential transition in personal finance, and plenty of otherwise careful investors walk into it with no real plan. That is exactly what The Definitive Guide to Retirement Income helps answer. It is a free guide from Fisher Investments covering what your retirement will really cost, where the cash flow should come from, and how much you can safely withdraw each year. Learn more here. Learn More Here ›
Contact editorial@247wallst.com for any questions or corrections.
