SpaceX shares jump 10% as Musk opens door to Tesla merger
Musk says Tesla and SpaceX are weighing a large combination, with special board committees now reviewing it. Tesla rose 1.8% premarket, WSJ reports.
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what happened
According to the Wall Street Journal, SpaceX stock climbed about 10% in premarket trading, while Tesla shares gained 1.8% ahead of the open. The moves followed comments from Elon Musk that the two companies are exploring a possible mega-merger.
Musk made the remarks on a SpaceX quarterly earnings call held the previous day. He said both boards have set up special committees to examine the transaction, though its terms are not yet settled.
A deal would bring together SpaceX's launch and satellite operations, the world's leading space business, with Tesla, the second-biggest maker of electric vehicles, as Musk restructures both firms around artificial intelligence.
why it matters
A combination of this scale would link a space-launch leader with a major carmaker, so investors will be watching terms, valuation and financing. Moves in one stock could spill over into the other, and any new details may shape sentiment across high-growth technology names.
market impact
TSLA and SpaceX: a possible merger drives trading in both shares and sentiment around Musk-linked stocks
tags
instruments
sources
- SpaceX Stock Rallies, Tesla Rises Modestly on Talk of Merger — WSJ, 21 October 2026 at 09:20 UTC
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