Elon Musk Hints at Tesla-SpaceX Merger: "Who Can Imagine What Action One Might Take"
Article excerpt
A joke and a hint from Elon Musk on stage just reignited speculation about combining two of the world's most valuable companies, and the governance and valuation questions that follow are ones Tesla shareholders cannot afford to ignore. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. In September, Elon Musk was asked on stage why Tesla ( NASDAQ:TSLA | TSLA Price Prediction ) and SpaceX ( NASDAQ:SPCX ) are still separate companies. He answered with a joke and a hint. On the All-In episode published September 15, 2026, where he appeared with Gwynne Shotwell, Musk said: “Yeah, great question. Wow. Nobody’s ever asked that one.” He then added: “With all this collaboration on so many levels, who can imagine what action one might take.”, according to Tesla That is everything that happened. No board has approved a deal. No terms exist, and no one has named a completion date. Musk left the door open, and the size of the two companies makes that worth tracking: Tesla is worth about $1.47 trillion and SpaceX about $1.21 trillion. The September joke followed a more careful answer on Tesla’s July 22 earnings call. An analyst at Wells Fargo ( NYSE:WFC ) asked about combining the companies. Musk said “we can’t talk about combining companies and that kind of thing” and that “it’s got to be done...
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Operating income fell 56.9% to $398M, and non-GAAP EPS of $0.33 missed the $0.54 estimate.
