SpaceX-Tesla Merger Speculation Intensifies as SpaceX Readies Nasdaq Debut

Elon Musk’s long-rumored plan to merge SpaceX with Tesla Inc. (TSLA) is gaining fresh attention ahead of SpaceX’s scheduled Nasdaq listing on June 9, 2026. The combination would unite a $1.25 trillion space and AI company with the $1.6 trillion electric-vehicle maker, creating a tech conglomerate spanning AI, rockets, EVs, and energy infrastructure. Musk has discussed the merger with insiders, according to people familiar with the matter. SpaceX, which absorbed his xAI startup earlier this year, already shares board members and resources with Tesla. Both companies are pivoting heavily toward AI computing: SpaceX’s first-quarter capital spending reached $10.1 billion, with more than 75% allocated to AI projects, while Tesla expects annual capex to triple to over $25 billion. Tesla recently invested $2 billion in xAI and supplied Megapack batteries and Cybertruck vehicles to SpaceX. Antitrust concerns are seen as limited, though shareholder and governance issues would pose hurdles. Musk controls 85% of SpaceX voting power.