SpaceX, Tesla merger talks reportedly progress, deal could be announced as early as December
TSLA•SpaceX and Tesla are progressing in merger negotiations, and a deal could be announced as early as December, the report said. The companies have also discussed an announcement slipping into early 2027.
1. Talks advance
SpaceX and Tesla are progressing in merger negotiations, and a deal could be announced as early as December, the report said, citing people familiar with the matter. The companies have also discussed a scenario in which an announcement slips into early 2027.
2. Musk’s comments and plans
Elon Musk said last month that a merger would be “a good idea” and confirmed the companies had formed special committees of independent directors to discuss a union. The proposed merger would bring Musk’s AI, robotics, electric vehicle and aerospace ambitions under one corporate roof, but faces regulatory hurdles related to SpaceX’s US defense contracts and Tesla’s reliance on China. SpaceX and Tesla’s chip manufacturing joint venture, Terafab, aims to produce its first test chip around May or June next year and reach volume production by the third quarter of 2028, Musk said.
