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Wall Street, Kalshi bettors eye SpaceX-Tesla merger in wake of ‘flying’ car demo
New York Post • • business
Key Points:
- Elon Musk recently unveiled a new “flying” Tesla at a SpaceX site, sparking speculation about a potential merger between Tesla and SpaceX, with betting markets placing over 50% odds on a merger by early next year.
- Barclays analysts suggest a Tesla-SpaceX merger could happen before Tesla’s annual general meeting on December 6, though timing challenges and shareholder approval remain significant hurdles.
- SpaceX, which went public in June with a valuation near $2 trillion, and Tesla, valued at approximately $1.4 trillion, have ongoing collaborations including SpaceX purchasing Tesla’s Megapack batteries and joint semiconductor projects.
- Musk has emphasized the close engineering collaboration between Tesla and SpaceX, describing their joint projects as groundbreaking and surpassing anything seen in films, hinting at deeper integration.
- Key obstacles to a merger include securing shareholder votes, managing broker non-votes, and obtaining regulatory approval, with both companies yet to comment on the merger rumors.
