SpaceX valuation approaches Tesla's
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The synergies supporting a Tesla-SpaceX tie up are growing.
SpaceX is exploring a potential merger with Tesla (NASDAQ:TSLA) or xAI as it prepares for an initial public offering targeted for mid-June 2026, according to reports from Bloomberg and Reuters. The IPO could raise up to $50 billion and value SpaceX at about $1.
Investor Gary Black, who is the managing director of The Future Fund LLC, shared his insights on why a merger between Tesla Inc. (NASDAQ:TSLA) and SpaceX does not make sense for the EV giant's shareholders.