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# Musk says SpaceX and Tesla are weighing a merger, and SpaceX rose 7.79%
- URL: https://www.sharespective.com/stories/musk-says-spacex-tesla-are-weighing-2026-10-22/
- Published: 2026-10-21T21:15:01.000Z
- Updated: 2026-10-21T21:50:35.000Z
- Description: SpaceX closed Wednesday at US$159.31, up 7.79%. Tesla rose 3.41% to US$386.47. Both moves came from the same remark, made on SpaceX's results call on Tuesday evening in New York.
- Author: Shaun Botha
- Tags: Deals, #story, #group-deals, SpaceX, Tesla

SpaceX closed Wednesday at US$159.31, up 7.79%. Tesla rose 3.41% to US$386.47\. Both moves came from the same remark, made on SpaceX's results call on Tuesday evening in New York.

**So what did Musk actually say?** He told investors that the boards of both companies have set up special committees of independent directors to look at combining them. Asked whether it would be a good idea, he said yes, but added that shareholders would have to support it.

Musk sits on both sides of any deal, so he cannot take part in the talks. He owns about 48% of SpaceX, counting restricted shares, and about a fifth of Tesla. The committees have not agreed on any terms.

![Chart: Tesla's value climbs to US$1,528bn as sales stall. Two scales, both US$bn: revenue by calendar year on the left; market value at each year end and on 21 October 2026 on the right. 2025 revenue was US$94.8bn.](https://storage.ghost.io/c/02/71/0271df32-cec6-421f-9f13-b06ab90e54c1/content/images/2026/10/musk-says-spacex-tesla-are-weighing-2026-10-22-chart.jpg)

This story’s chart of the day.

The size is hard to picture. SpaceX is worth about US$2.16 trillion and Tesla about US$1.53 trillion. Together they would be worth more than US$3.6 trillion.

Tesla reported its own results after Wednesday's close. Revenue was US$28.05 billion, flat on a year earlier, and adjusted earnings of 48 US cents a share beat the 45 cents expected. The operating margin was just 2.6%, and the shares edged higher after hours.

The open question 

what Tesla shareholders would be swapping into. Today they own a carmaker with a robotaxi project attached. After a merger they would own a slice of rockets, Starlink and an AI business. Tesla must hold its annual meeting by 6 December, the earliest obvious place for a vote.

[ This story ran in Two for One Thursday 22 October’s edition, with the market snapshot, the other two stories, the numbers and the week ahead. Read the whole edition → ](https://www.sharespective.com/sharespective-2026-10-22/)