Tesla Investors Bet on SpaceX Merger After 10% Stock Loss and Record IPO
Updated
Updated · Bloomberg · Jun 23
Tesla Investors Bet on SpaceX Merger After 10% Stock Loss and Record IPO
3 articles · Updated · Bloomberg · Jun 23
Summary
Tesla shareholders are increasingly betting Elon Musk will eventually combine Tesla with SpaceX after a bruising year for the carmaker and SpaceX’s blockbuster market debut.
Nearly 10% losses in Tesla this year have sharpened interest in a deal, while SpaceX’s IPO last week became the biggest ever and briefly made it the most valuable company in Musk’s empire.
Some analysts say SpaceX’s recent post-IPO slide could make Tesla investors even more receptive, lowering the perceived cost of merging the two businesses.
A combined company would create a sprawling technology conglomerate that backers believe could eventually rival giants such as Nvidia, Alphabet and Apple.
Could merging with Tesla's car business ultimately ground SpaceX's high-flying growth and its ambitious goals?
Is this merger the ultimate move to fund Elon Musk's ambitious, and costly, vision for artificial intelligence?
SpaceX IPO Surges 19% on Debut, Triggers $5 Trillion Tesla Merger Speculation and Market Volatility
Overview
In June 2026, SpaceX made history with the largest-ever IPO, closing its first day of trading at $161.11—a 19% jump from its $135 IPO price. The stock saw significant intraday swings, reflecting overwhelming investor demand as the IPO was oversubscribed by 2x. The event was marked by Nasdaq President Adena Friedman and SpaceX President Gwynne Shotwell ringing the opening bell, highlighting its importance. This historic debut not only solidified SpaceX’s market position but also propelled Elon Musk to become the world’s first trillionaire, setting a new standard for ambitious AI companies entering public markets.