Musk Advisers Push Spacex-tesla Merger by Mid-2027

WHO:

Fox Business - Musk said he would retaliate against Democratic lawmakers who target him or his businesses: “Those who pick fights with me should understand that I will find out who is really pulling the strings and come for them, not just their puppets.”

Fast Company - Ferdinand Dudenhöffer, director of the Center Automotive Research institute in Bochum, said he could not imagine SpaceX’s cold-gas thrusters entering production cars and called the claimed synergy “a modern marketing fairy tale.”

Fast Company - Tesla director Ira Ehrenpreis sits on both companies’ boards.

Fast Company - Boston College law professor Brian Quinn said special committees are not required by corporate law and described them as legal protection against shareholder lawsuits.

Fast Company - University of Colorado law professor Ann Lipton said a Tesla acquisition priced above $2 trillion could trigger additional Tesla shares for Musk under his performance award.

Fast Company - Tesla shareholder approval would require support from a large share of investors; Musk owns about 20% of Tesla, while he controls about 82% of SpaceX’s votes through super-voting shares.

Bloomberg - Advisers within Elon Musk’s business empire are pushing for a SpaceX-Tesla merger.

The Motley Fool - Elon Musk said he could not participate in merger discussions because he is a “conflicted party.”

The Motley Fool - Independent-director special committees at SpaceX and Tesla are exploring a possible merger.

The Motley Fool - Musk has majority voting control of SpaceX; Tesla shareholders would have to consider any proposed merger.

WHAT:

The Verge - SpaceX’s AI division reported $7.56 billion in Q3 revenue; its “SI solutions & infrastructure revenues” category reached $7 billion, more than tripling from the previous quarter, including $608 million attributed to Cursor.

The Verge - Tesla reported a second consecutive quarter of declining profits.

The Verge - SpaceX bought $131 million worth of Tesla Cybertrucks and had previously held Tesla bonds.

The Verge - SpaceX’s May S-1 filing said Terafab and Macrohard were in very early stages and that financial terms, intellectual-property rights, and the collaboration’s duration had not been finalized; the filing said a definitive agreement might never be reached.

The Verge - Musk said Terafab’s first test chip would be ready in May or June 2027 and volume production would begin in the second half of 2028.

The Verge - Bloomberg estimated the merger could add $110 billion to Musk’s net worth. At a $2 trillion Tesla purchase price, Musk would receive $6 billion in shares, with accelerated vesting of shares from his 2018 compensation package.

The Motley Fool - Tesla generated about $1.5 billion in free cash flow in the quarter, after reporting negative free cash flow in the previous quarter.

Fast Company - Musk said the two special committees are made up of different independent board members; he described being unable to participate in their discussions as “an odd Kabuki dance.”

Fast Company - Tesla’s Roadster demonstration used SpaceX-built cold-gas thrusters to make the car flip and hover.

Fast Company - Tesla’s SEC-approved “auto-vote” program was intended to address low shareholder voting turnout.

Fast Company - Tesla launched the Cybercab in Austin in September.

Fast Company - Tesla’s third-quarter deliveries fell 2.1%, and BYD took the global EV lead the previous year.

Fast Company - Waymo operated robotaxis in 15 U.S. cities and provided about 500,000 paid rides a week; Baidu’s Apollo Go had surpassed 22 million rides across 27 cities by April.

Fast Company - Tesla’s 2025 shareholder-approved stock award for Musk was valued at $1 trillion and included milestones of delivering 1 million robots and 1 million robotaxis carrying paying riders.

Fast Company - Ann Lipton said a Tesla purchase price above $2 trillion could trigger additional Tesla shares for Musk under his performance award.

Fast Company - The article said Musk won a 2022 trial over Tesla’s 2016 SolarCity acquisition, and Delaware’s Supreme Court upheld the ruling in 2023.

Yahoo Finance - ARK projected that by 2036 a merger would leave Tesla shareholders about five times better off and SpaceX shareholders about 1.3 times better off than if the companies remained separate.

Reuters - Some insiders worried Musk’s public endorsement could invite shareholder scrutiny and delay a potential merger.

Fox Business - The Government Accountability Office said the federal workforce contracted by about 250,000 employees during 2025, amid DOGE’s efforts, which included deferred resignations and employee buyouts.

Yahoo Finance - Tesla shares fell 3% in overnight trading, while SpaceX shares declined more than 1%.

Fast Company - Musk said combining the companies had “a lot of merit” because they are “pretty much in the superintelligence singularity.”

Fast Company - Tesla’s third-quarter deliveries fell 2.1%; BYD had surpassed Tesla as the global EV leader the previous year.

Fast Company - Waymo operated robotaxis in 15 U.S. cities and provided about 500,000 paid rides a week; Baidu’s Apollo Go had exceeded 22 million rides across 27 cities by April.

Fast Company - Tesla’s 2025 shareholder-approved stock award for Musk was valued at $1 trillion and included milestones such as 1 million robots and 1 million robotaxis carrying paying riders.

Yahoo Finance - ARK Investment Management projected that, at the current share-price ratio, a merger would leave Tesla shareholders about 1.6 times better off and SpaceX shareholders about twice as well off by 2031, compared with no merger; its 2036 projections were about five times and 1.3 times, respectively.

Reuters - Some insiders were rattled by Musk’s public endorsement of a potential SpaceX-Tesla merger, worrying his comments could invite shareholder scrutiny and delays.

Reuters - The potential merger was described as worth $3.5 trillion.

Bloomberg - Advisers are pushing to announce a SpaceX-Tesla merger during H1 2027, with the aim of closing it while President Trump remains in power. Bloomberg described the potential deal as a $3.7 trillion merger.

The Motley Fool - After SpaceX’s earnings call, Musk said a merger would be “a good idea”: “Do I think it would be a good idea? Yes.” No deal details were disclosed, and the proposal remains exploratory.

The Motley Fool - SpaceX reported Q3 revenue of $14.6 billion, up 161% year over year, and net income of $4.4 billion; both exceeded Wall Street targets.

The Motley Fool - SpaceX’s AI unit generated $7.6 billion in revenue, almost triple its Q2 revenue. Starlink generated $2.4 billion in operating income.

The Motley Fool - SpaceX spent $19.6 billion on capital expenditures during the quarter and expected to spend another $35 billion to $40 billion in the fourth quarter.

The Motley Fool - Tesla reported revenue of $28 billion, essentially flat year over year, and net income of $787 million, down 43%. Vehicle deliveries slipped slightly, while operating expenses increased.

The Motley Fool - Tesla said cumulative unsupervised Robotaxi miles grew eightfold quarter over quarter. It generated about $1.5 billion in free cash flow, after negative free cash flow in the previous quarter.

The Motley Fool - Tesla began producing Optimus robots on its Fremont production lines.

WHERE:

The Verge - Musk said Terafab is intended to be built in Texas.

The Motley Fool - Tesla launched Cybercab in Austin and began producing Optimus robots in Fremont.

WHEN:

The Verge - Musk said Terafab’s first test chip would be ready in “May or June 2027.”

Yahoo Finance - Bloomberg’s sources said potential congressional scrutiny after the midterms and the risk of falling AI-stock valuations were adding pressure to pursue the merger.

Bloomberg - Advisers are pushing for an announcement during H1 2027; the target is to close the merger while President Trump remains in power.

The Motley Fool - The article said SpaceX held its earnings call on Tuesday, Oct. 20, 2026, and reported stock data as of 4:00 p.m. ET on Oct. 21, 2026.

WHY:

Yahoo Finance - Musk’s improved relationship with President Trump could help advance a merger, while potential congressional scrutiny after the midterms and falling AI-stock valuations were reported as pressures to act.

Yahoo Finance - ARK analyst Brett Winton said the fair premium depends on the investment timeframe: “On longer time horizons SpaceX shareholders should be asking for a discount. On shorter time horizons Tesla shareholders should be asking for a premium.”

Yahoo Finance - Bill Birmingham of REX Financial said SpaceX’s share-price recovery made it an attractive time to pursue a deal; Morningstar analyst Nicolas Owens said a SpaceX share-price decline could complicate a purchase agreement.

Yahoo Finance - ARK analyst Brett Winton said the fair premium depends on the investment timeframe: SpaceX shareholders should seek a discount over longer horizons, while Tesla shareholders should seek a premium over shorter horizons.

Yahoo Finance - Bill Birmingham of REX Financial said the timing was “both favorable and critical”; Morningstar analyst Nicolas Owens said SpaceX shares could serve as deal currency and a share-price decline could complicate a purchase agreement.

Bloomberg - Advisers are seeking to complete the deal before political and financial environments “take a turn.”

The Motley Fool - The article said SpaceX’s AI compute contracts drove its AI unit’s growth, while Tesla was shifting focus toward AI and robotics.

HOW:

Fast Company - Tesla received SEC approval for an “auto-vote” program amid low shareholder-voting turnout.

Fast Company - The Terafab AI chip plant is already being built jointly by Tesla and SpaceX, and Tesla sells Megapack batteries to SpaceX for ground facilities.

The Motley Fool - Any merger remains subject to consideration by Tesla shareholders and could face regulatory scrutiny; the article said approval was not guaranteed.

The Motley Fool - SpaceX shares were reported at $159.31, up $11.52 (7.80%), with a $2.01 trillion market capitalization; Tesla shares were listed up 3.41%.

(UPDATED October 23, 2026 01:29 UTC)

Advisers are pushing for a SpaceX-Tesla merger, potentially worth between $3.5 trillion and $3.7 trillion, with a possible announcement in the first half of 2027. Musk has endorsed the idea but says he cannot join discussions because he is conflicted; independent committees at both companies are exploring the proposal, which remains preliminary. SpaceX reported $14.6 billion in quarterly revenue, up 161%, while Tesla’s revenue was flat and net income fell 43% to $787 million. Tesla shareholders would need to approve any deal, and Musk’s differing voting power and financial interests could draw scrutiny. Analysts say a Tesla purchase above $2 trillion could trigger additional shares for Musk. Musk argues the companies have strong strategic synergy, but an automotive expert dismissed one claimed connection as marketing. Meanwhile, Musk threatened to retaliate against Democratic lawmakers who target him or his businesses.

(UPDATED October 23, 2026 00:06 UTC)

Advisers are pushing for a possible SpaceX-Tesla merger, with Bloomberg reporting a potential announcement during H1 2027. The exploratory deal has been valued at between $3.5 trillion and $3.7 trillion, and Elon Musk has said combining the companies has “a lot of merit.” He says he cannot join discussions because he is a “conflicted party”; independent committees at both companies are examining the proposal. Tesla shareholders would need to approve a deal, while Musk controls about 82% of SpaceX’s votes and owns about 20% of Tesla. Some insiders fear Musk’s public endorsement could invite scrutiny and delay the process. The companies’ results were mixed: SpaceX reported $14.6 billion in quarterly revenue and $4.4 billion in net income, while Tesla’s revenue was flat and net income fell 43%. Tesla generated $1.5 billion in free cash flow. Tesla shares fell 3% overnight, and SpaceX shares declined more than 1%.

(UPDATED October 22, 2026 22:10 UTC)

Advisers in Elon Musk’s business empire are exploring a SpaceX-Tesla merger, with some pushing for an announcement during H1 2027. The proposed deal has been valued at as much as $3.7 trillion, but remains exploratory. Musk says the combination has merit, while also calling himself a conflicted party who cannot join merger discussions; independent-director committees at both companies are examining the idea. Tesla shareholders would need to consider a deal, and Musk’s roughly 20% stake gives him less influence there than his control of about 82% of SpaceX’s votes. Some insiders worry Musk’s public support could invite scrutiny and delay talks. The companies’ results diverged: SpaceX reported $14.6 billion in quarterly revenue and $4.4 billion in profit, while Tesla’s net income fell 43% to $787 million. Analysts also question the proposed strategic and financial benefits.

(UPDATED October 22, 2026 16:15 UTC)

Advisers in Elon Musk’s business empire are exploring a possible merger of SpaceX and Tesla, with a potential value estimated at $3.5 trillion to $3.7 trillion. Musk has called the combination a good idea, but says he cannot take part in discussions because he is a conflicted party. Independent-director committees at both companies are examining the proposal, which remains exploratory and would require Tesla shareholder approval, as well as possible regulatory review. Advisers are pushing for an announcement during H1 2027 and hope to close the deal while President Trump remains in power. The companies already have links, including a jointly built AI chip plant and Tesla battery sales to SpaceX. SpaceX reported strong revenue and profits, while Tesla’s revenue was flat and net income fell. Tesla and SpaceX shares declined in overnight trading. Musk also threatened retaliation against Democratic lawmakers who target him or his businesses.

(UPDATED October 22, 2026 11:09 UTC)

Advisers in Elon Musk’s business empire are pushing for a SpaceX-Tesla merger, with an announcement targeted for the first half of 2027. The exploratory proposal has been described as worth between $3.5 trillion and $3.7 trillion, and Musk has called it a good idea, though he says he cannot join the discussions because he is conflicted. Independent-director committees at both companies are examining the possibility, but no deal details have been disclosed. Any proposal would need Tesla shareholder consideration and could face regulatory scrutiny. Musk owns about 20% of Tesla but controls roughly 82% of SpaceX’s votes, while a Tesla director also sits on SpaceX’s board. The companies already share projects, including an AI chip plant, and Tesla supplies batteries to SpaceX. Still, an automotive researcher dismissed claims that SpaceX thrusters could be useful in production cars. Tesla’s latest results were mixed, while SpaceX reported strong quarterly revenue and profit.

(UPDATED October 22, 2026 07:25 UTC)

Advisers in Elon Musk’s business empire are pushing for SpaceX and Tesla to merge, with Bloomberg valuing the potential deal at $3.7 trillion. Musk publicly called a merger a good idea, but said he could not take part in discussions because he is a conflicted party. Independent-director committees at both companies are exploring the proposal, which remains preliminary, and Tesla shareholders would have to consider any deal. Some insiders worry Musk’s public comments could prompt shareholder scrutiny and slow the process. Advisers are aiming to announce a merger in the first half of 2027 and close it while President Trump remains in power. The discussions come as SpaceX reported strong quarterly results, including $14.6 billion in revenue, while Tesla’s revenue was flat and net income fell 43%. Any merger could also face regulatory scrutiny, and approval is not guaranteed.

(UPDATED October 22, 2026 02:18 UTC)

Advisers within Elon Musk’s business empire are pushing for SpaceX and Tesla to merge, potentially announcing a deal in H1 2027. Bloomberg valued the possible merger at $3.7 trillion, with advisers aiming to close it while President Trump remains in power and before political or financial conditions change. The proposal is still exploratory, and Musk says he cannot join discussions because he is a “conflicted party.” Independent-director committees at both companies are examining the idea, while Tesla shareholders would have to consider any proposal, which could also face regulatory scrutiny. After SpaceX’s earnings call, Musk said a merger would be a good idea, but no terms were disclosed. SpaceX reported $14.6 billion in quarterly revenue and $4.4 billion in net income, both above expectations. Tesla’s revenue was $28 billion, while net income fell 43% to $787 million. Tesla also launched Cybercab in Austin and began producing Optimus robots in Fremont.