Shotwell Floats Tesla-SpaceX Merger as $1.75 Trillion SpaceX Starts Trading
Updated
Updated · Business Insider · Jun 12
Shotwell Floats Tesla-SpaceX Merger as $1.75 Trillion SpaceX Starts Trading
3 articles · Updated · Business Insider · Jun 12
Summary
Gwynne Shotwell said a future Tesla-SpaceX merger is possible, telling CNBC the two Elon Musk-led companies have clear synergies even if she is not focused on a tie-up now.
Shared goals and existing overlap are fueling the idea: the companies have shared employees and directors, are collaborating on a $55 billion Terafab chip project, and Tesla already folded xAI ties into a SpaceX stake after xAI's February merger.
Dan Ives of Wedbush said this week he expects Tesla and SpaceX to combine next year, arguing a merger of the $1.25 trillion automaker and newly listed $1.75 trillion rocket company would strengthen Musk's AI ambitions.
SpaceX's record $75 billion IPO leaves Musk running two public companies at once, reviving investor concerns about how he splits time across Tesla, SpaceX and his wider business empire.
Is the potential Tesla-SpaceX merger a strategic AI masterpiece or the market’s biggest bailout in disguise?
With Musk's extreme voting power, could a merger create an unaccountable corporate empire?
SpaceX’s $75 Billion IPO Debut: Merger Chatter with Tesla and Unprecedented Market Impact
Overview
SpaceX made history with its $75 billion IPO on June 12, 2026, instantly reaching a $1.77 trillion valuation and becoming the seventh most valuable U.S. company, surpassing Meta and Tesla. This record-breaking debut drew immediate Wall Street skepticism due to high revenue and earnings multiples, raising questions about the company’s financial fundamentals. The IPO marked a major shift for SpaceX, which had long stayed private, and sparked widespread speculation about a possible merger with Tesla. These developments highlight both the excitement and the concerns surrounding SpaceX’s rapid rise and its impact on the broader market.