SpaceX-Tesla Merger Talks Progress, With an Announcement Possible as Soon as December

SpaceX and Tesla are progressing in merger negotiations and could announce a combination as soon as December, Bloomberg reported on Thursday, November 12, citing people familiar with the matter. The announcement could also slip into early 2027. The boards and their advisers are working out terms and how the combined company would be run.

A deal would bring almost 30,220 bitcoin under one roof, worth roughly 2.1 billion dollars. SpaceX held 18,712 bitcoin at the end of September and Tesla held 11,509, according to their quarterly filings. The combined market value of the two companies is approximately 3.47 trillion dollars, with SpaceX at about 1.9 trillion and Tesla at about 1.57 trillion. Artificial intelligence ambitions are central to the talks, spanning rockets, driverless cars and humanoid robots.

Two obstacles dominate. One is how to keep Tesla large Chinese manufacturing operations separate from SpaceX sensitive US government and defense work. The other is the regulatory path for a combination of this size. Musk said in October that the boards of both companies had formed special committees of independent directors to consider combining. Tesla shares jumped as much as 1.9 percent on the report. Tesla annual shareholder meeting is scheduled for December 3.