Musk Considers Merging SpaceX and Tesla, Stock Rises 2% on May 26

GateNews
SPCX-2.75%
According to reports, Elon Musk has discussed the possibility of merging SpaceX and Tesla with colleagues on May 26. Tesla's stock rose nearly 2% on the news and gained further in after-hours trading. The merger speculation intensifies as SpaceX prepares for its IPO, with listing scheduled for June 12 on Nasdaq under ticker SPCX. Wedbush analyst Dan Ives predicted the two companies could merge in 2027, noting Tesla already holds SpaceX equity and their shared Terafab facility deepens operational ties.
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