Bloomberg News reported on Thursday that merger talks between SpaceX and Tesla have progressed, and an announcement could come as early as December 2026 or slip into early 2027. People familiar with the discussions said each company has formed a committee to study a possible combination, and a formal proposal could follow soon. The potential deal would combine Elon Musk's electric vehicle, battery, rocket, satellite internet, and artificial intelligence businesses, and could give him greater voting control at Tesla without requiring milestones in his compensation plan.
Prediction market activity has risen sharply. On November 12, Kalshi's Tesla–SpaceX merger market showed a 67% chance of an announcement before March 1, 2027, with 58% odds before February 1 and 41% odds before January 1. Trading volume in that market reached about $1.89 million. SpaceX shares closed at $139.94 on November 12, up 0.14%, and Morgan Stanley analyst Adam Jonas maintained an Overweight rating with a $300 price target. Tesla shares gained 1.70% to close at $397.45.
Separately, SpaceX stock drew renewed attention after Elon Musk responded to a suggestion that the company hire Jensen Huang by writing, “That would be an honor.” This followed Nvidia's announcement that Huang had resigned as president and CEO, effective immediately, with CFO Colette Kress named interim CEO and the board beginning a search for a permanent successor. Nvidia also named Harvey C. Jones, former chief executive of Synopsys, as its first board chair. SpaceX shares rose to about $147 intraday before retreating to $140.33 near the close. Nvidia shares fell 4.63% to $165.68.
The companies already have business ties: SpaceX has said it will use Nvidia's Vera Rubin processors in its data centers and ranks among Nvidia's largest customers. However, neither SpaceX nor Huang has confirmed any negotiations, job offer, or formal decision. No cryptocurrency assets were directly mentioned in the reports, but the developments around Musk-linked companies remain closely watched by financial and crypto market participants.
This article provides financial and market information, not investment advice. The merger remains subject to negotiations, approvals, and regulatory review.
