SpaceX and Tesla Merger Logic Reinforced, 'When to Merge' Becomes Discussion Point

BlockBeats News, July 6th. Ten years ago, Musk believed that SpaceX and Tesla had a "weak connection," and there were insufficient reasons for a merger. Today, the market discussion has shifted from "whether to merge" to "when to merge," with long-term investors believing that a merger is inevitable. Although Musk has not publicly confirmed, he has frequently mentioned the "integration" of his businesses, and SpaceX has hinted at a possible issuance of a large number of shares in its filings, sparking trading speculation.

Both companies have been transitioning to AI in recent years: Tesla is betting on autonomous driving and humanoid robots, while SpaceX has acquired xAI and plans to deploy a space data center. AI is expected to become SpaceX's largest source of revenue starting this year. The business ties between the two companies have significantly strengthened, with SpaceX disclosing purchases of batteries and Cybertrucks from Tesla, and Tesla indirectly holding SpaceX shares through the xAI acquisition.

Despite Musk's denial of the merger logic ten years ago, in 2025, he acknowledged synergies among the three companies in the solar AI satellite field—which he views as a key technology for "harvesting a large amount of solar energy."