Proposal to merge Tesla and SpaceX could create a $3 trillion-plus AI giant
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Independent board committees at both Musk companies are reviewing a potential combination built around artificial intelligence.
Key facts
SpaceX reported Q3 2026 revenue of $14.6 billion, up 161% year-over-year
Put them together and the combined figure could reach approximately $3.5 trillion to $3.6 trillion, based on those valuations
Musk confirmed the review on October 20, 2026, during SpaceX’s quarterly earnings call
In 2025, xAI acquired X, the social platform formerly known as Twitter
Summary
Elon Musk may be about to turn two of the world’s most valuable companies into one. Musk confirmed the review on October 20, 2026, during SpaceX’s quarterly earnings call. Terms have not been agreed, and the timeline remains uncertain. Put them together and the combined figure could reach approximately $3.5 trillion to $3.6 trillion, based on those valuations.