SpaceX and Tesla could announce a merger as soon as December, while Texas' next attorney general vows scrutiny
SpaceX (SPCX) and Tesla (TSLA) are making progress in their merger talks and could announce a deal as soon as December, Bloomberg reports.
It would be the biggest deal on record. According to Bloomberg, the two sides have also discussed a timeline in which the announcement slips into early 2027.
No terms are public, and neither company has officially filed anything on the talks. Special committees of independent directors at both companies are leading them. On SpaceX's October earnings call, Musk called a merger a "good idea."
The deal now faces a new critic at home. Texas Attorney General-elect Nathan Johnson said he would take a close look at any merger of the state's two most valuable companies, and warned of the risks of concentrating that much business in one group. In an interview with Bloomberg in Dallas on Thursday, he said: "Any merger of companies of that consequence warrants tremendous scrutiny."
Johnson, a Democrat, will replace Ken Paxton, after his party swept races in a state Republicans have run since the 1990s. Both companies are based in Texas.
Antitrust is another risk. A former Justice Department official told Semafor in October that regulators could try to block the deal if only Tesla's cars ended up with access to SpaceX technology such as Starlink.
SpaceX is worth about $1.9T and Tesla about $1.6T, based on Thursday's closing prices.
Shares of SpaceX are 3.66% higher than its June 12 IPO price. Tesla is down 11.62% year-to-date.
Sources & Further Reading
- "SpaceX and Tesla Talks on Record Merger Are Said to Progress." Bloomberg. November 12, 2026.
- "SpaceX Earnings Call Transcripts." Stock Analysis. Accessed November 13, 2026.
- "Texas' Next AG Vows 'Tremendous Scrutiny' of Tesla-SpaceX Deal." Bloomberg. November 13, 2026.
- "SpaceX-Tesla merger could face antitrust scrutiny." Semafor. October 23, 2026.
This article was drafted with the help of AI. Reid Robertson fact-checked, edited and published the article and is responsible for its accuracy and quality. How we use AI
