Bloomberg: SpaceX and Tesla Merger Talks Advance, Targeting December Announcement
According to Bloomberg, SpaceX and Tesla are negotiating specific merger terms and governance structures, targeting an announcement as early as December 2026. A deal would mark the largest merger in history.
According to Bloomberg, people familiar with the matter revealed that merger negotiations between SpaceX and Tesla have made substantial progress. Boards and advisory teams from both companies are currently discussing specific merger terms, equity arrangements, and the governance structure of the new entity. The report states that the parties are targeting an announcement as early as December 2026, with an alternative plan to delay until early 2027.
Currently, the combined market capitalization of these two U.S.-listed companies is approximately $3.4 trillion. If the merger is completed, it will directly break the global record for mergers and acquisitions, becoming the largest M&A deal in history. The post-merger company's market cap is expected to rank around 5th among U.S. listed companies, surpassing Amazon. This would place Elon Musk at the helm of a massive corporate group spanning rockets, satellite internet, AI, chips, computing power, electric vehicles, robotics, and energy storage.
Previously, during earnings calls in October 2026, Musk confirmed that both companies had established special committees of independent directors to discuss a potential merger, but he emphasized at the time that this was not a certainty and faced high hurdles, including requiring support from 50% of all Tesla shares. This news regarding specific term negotiations marks a shift in the process from preliminary exploration to a more advanced execution phase.