The merger would be a blockbuster for Wall Street’s dealmakers, creating a conglomerate housing EVs, energy storage batteries, rockets and satellites.
San Francisco | SpaceX and Tesla are progressing in their merger negotiations, setting the stage for a combination that could redefine the limits of global dealmaking.
Elon Musk’s two largest companies could announce what would be the biggest-ever deal as soon as in December, according to people familiar with the matter. That aggressive timeline reflects Musk’s tendency to move quickly when it comes to corporate manoeuvres.
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The SpaceX-Tesla merger is increasingly sounding more like a when than an if. Bloomberg reports that the estimated $3.5 trillion tie-up could come as soon as December, but could also slip to early 2027: > The companies have also discussed a scenario in which an announcement slips into early 2027, said the people, who asked to not be identified because the discussions are private. Their boards and advisers are hammering out the terms of the tie-up and governance structure of the combined entity, among other matters, the people said. One of the complicating factors is how to keep separate Tesla’s business in China from SpaceX’s many government and defense contracts. The merger also may be upended by the Democratic Party’s success in the midterms, with many candidates running on the message of reining in Elon Musk’s corporate empire. [Link: SpaceX and Tesla Talks on Record Merger Are Said to Progress | https://www.bloomberg.com/news/articles/2026-11-12/spacex-and-tesla-talks-on-record-merger-are-said-to-progress | Bloomberg]
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