The SpaceX Tesla Merger: A Deal Waiting to Happen? The tech industry has been abuzz with speculation about a potential merger between Elon Musk's space company, SpaceX, and his electric vehicle company, Tesla.
While Musk remains tight lipped on the matter, recent developments suggest that such a deal is increasingly likely. Financial analysts have pointed out a pattern of consolidation in both companies' operations.
In June, SpaceX acquired xAI for $1. 25 trillion, effectively folding it into its operations. The joint entity, now simply known as SpaceX, went public with a record breaking IPO worth $75 billion.