SpaceX is exploring a merger with Tesla ahead of a planned mid-June 2026 IPO that could value SpaceX at about $1.5 trillion and create a combined $2.6 trillion entity via share exchanges and newly formed Nevada merger subsidiaries. While the tie-up promises synergies—such as using Tesla’s energy storage for SpaceX orbital data centers—analysts warn it faces steep antitrust scrutiny and significant dilution for Tesla shareholders.