Market Chatter: SpaceX-Tesla Merger Speculation Builds Ahead of SpaceX Nasdaq Debut

MT Newswires Live06:27

Speculation over a potential merger between SpaceX and Tesla (TSLA) is resurfacing as Elon Musk prepares to take SpaceX public on Nasdaq, CNBC reported on Tuesday.

The report said Musk has discussed with colleagues the possibility of combining the companies, which already share resources and collaborate on challenges tied to power and computing constraints, citing people familiar with the matter.

SpaceX is expected to begin trading in coming weeks after reaching a $1.25 trillion private valuation earlier this year following its merger with xAI, CNBC reported. Tesla's market capitalization stands at about $1.6 trillion.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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