Analysis by Fortune magazine states that if Elon Musk pushes for a merger between SpaceX and Tesla, the combined company's valuation could reach $3.4 trillion. The report points out that SpaceX may need to issue new shares equivalent to 94% of the current circulating shares to complete the acquisition. Meanwhile, Tesla's GAAP net profit over the past 12 months has fallen to $3.9 billion, with core operating profit excluding regulatory credit income and Bitcoin gains at approximately $2.3 billion. Analysts believe that this deal may be an overvaluation of assets acquiring another overvalued company, and long-term profitability remains questionable.