Tesla Shares Slump to One-Month Low on $75B SpaceX IPO and Merger Speculation
TSLA•Tesla shares slid to a one-month low as speculation grows around a possible SpaceX merger linked to the upcoming $75B SpaceX IPO valuing the company at $1.8T and Musk's dual voting control. Morningstar projects Tesla shareholders could claim 66% of a combined Tesla-SpaceX entity based on AI and infrastructure synergies.
1. Stock Price Reaction
Tesla shares fell 3% to close at $396.68, marking a one-month low as investors weighed mounting merger speculation tied to SpaceX’s upcoming $75B IPO and Musk’s shared voting control over both companies.
2. SpaceX IPO Fuels Merger Thesis
The planned $75B SpaceX IPO at a $1.8T valuation has drawn roughly four times available investor demand, intensifying talk of combining Tesla’s automotive and software strengths with SpaceX’s rocket, satellite, and AI infrastructure.
3. Analyst Forecasts and Synergies
Wolfe Research highlights Musk’s voting power, AI chip collaboration, and broader capital access as merger pillars, while Morningstar estimates Tesla shareholders would receive 66% of a combined entity, noting over $500M in Tesla Megapack purchases and $130M in Cybertruck orders by SpaceX.
