SpaceX and Tesla merger logic is strengthened, and “when to merge” has become the focus of discussion.

BlockBeats news, July 6. A decade ago, Musk believed that SpaceX and Tesla had a “weak connection,” and that there were not sufficient reasons to justify a merger. Today, discussions in the market have shifted from “whether they will merge” to “when they will merge,” and long-term investors believe the merger is essentially a foregone conclusion. While Musk has not publicly confirmed it, he has frequently mentioned the “integration” of his businesses, and SpaceX has also hinted in its filings that it may issue a large number of shares, triggering trading speculation.

In recent years, both companies have been pivoting toward AI: Tesla is betting on autonomous driving and humanoid robots, while SpaceX has acquired xAI and plans to deploy space data centers. AI is expected to become SpaceX’s largest revenue source starting this year. The business links between the two sides have become increasingly clear. SpaceX has disclosed that it purchases batteries and the Cybertruck from Tesla, and Tesla also indirectly holds equity in SpaceX due to the xAI acquisition.

Although Musk denied the logic of a merger a decade ago, in 2025 he acknowledged that the three companies have synergy in the field of solar-powered AI satellites—this is the key technology in his view for “acquiring vast amounts of solar energy.”