Bloomberg Surveillance · Wednesday, July 22, 2026
Speculation persists about a potential merger between SpaceX and Tesla, driven by their shared CEO, Elon Musk, and deep vertical integration. While the financial mechanics are unclear, the joint scale and shared initiatives in compute and semiconductors make the combination logical to many. However, the absence of any mention of SpaceX in Tesla's earnings report raises questions about the current relationship.
“Is it still the prevailing sentiment in the industry and of the existing investigation on the SpaceX side, that this will happen with time?”
“But to lots of people, you just go back to why they believe that. They believe that the joint scale makes sense too, very deeply vertically integrated companies that have a shared initiative on the compute side and semiconductor's side, where there is already a lot of cooperation on the engineering side.”
“I found it amazing that, you know, But but is it to be expected? There's no mention really is SpaceX at all in the Tessa roundings deck.”