A Tesla–SpaceX merger would be the biggest deal ever, and Tesla holders must clear a 'high hurdle'
Elon Musk says SpaceX and Tesla are exploring a combination worth about $3.5 trillion. No terms exist yet, and Tesla's own shareholders would have to approve it.
On Oct 21, 2026, Elon Musk told investors on SpaceX's earnings call that SpaceX and Tesla are exploring a merger. According to Al Jazeera's report that day, the combined company would be worth more than $3 trillion. At current valuations, the two companies together are worth about $3.5 trillion, with SpaceX ranked seventh and Tesla eleventh among the world's largest companies.
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