Analysts Float $480-a-Share Tesla-SpaceX Merger Math Ahead of Q3 Results
TSLA sits 19% above its 52-week low of $297.38.
Summary
Speculation about a Tesla-SpaceX combination is now getting hard numbers from sell-side analysts, though neither company has confirmed any transaction. RBC's Tom Narayan wrote Friday that Tesla holders would accept $480 a share, a 36% premium to Monday's $353 premarket level, which would leave SpaceX investors with 52% of the combined company at recent prices. Barclays' Dan Levy sees a deal possibly announced before Tesla's annual meeting, which must occur by Dec. 6. The strategic case rests on controlling the full AI stack — SpaceX's models, data centers and Grok, Tesla's self-driving and robotics, plus the joint Terafab chip facility. Tesla stock fell 7.3% last week in the AI selloff, so the setup into Wednesday's Q3 report is fragile; SpaceX reports Tuesday. Any deal of this size would need a shareholder vote, likely a majority of non-Musk shares, and both companies declined to comment on merger plans.
At the time of this announcement, TSLA was trading at $354.96 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $1.4T. The 52-week trading range was $297.38 to $498.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.