It's a great way to get to know each other.
Nvidia is public.
SpaceX and Tesla's merger was a shock to Musk.
According to Bloomberg, people familiar with the matter have revealed that the merger negotiations between SpaceX and Tesla have progressed, at the earliest this year.DecemberThe official announcement.
The boards of directors and advisory teams of both companies have reportedly been discussing specific terms of the merger, equity arrangements, and the governance structure of the new company.
△Image A.I.Currently, the two companies have a combined market capitalization of $34 trillion.
Once the merger is done, it will directly refresh the history of global mergers and acquisitions, becoming the world's first non-existent after-market.The largest merger in history。
Following the merger, the company's market capitalization will fall to the fifth-lowest of the US-listed companies, directly ahead of Amazon.
At that point, Musk will be in charge of a real giant of rockets, satellite internet, AI, chips, computing, electric cars, robots, and storage.
The two combined timelines
Musk is known to be ambitious and has always wanted to bring his companies together, including SpaceX, xAI, X, Tesla, SolarCity...
Now it's SpaceX and Tesla.
At the end of January, Bloomberg reported that SpaceX was considering two mergers, one with Tesla and the other with xAI.
SpaceX officially announced its acquisition of xAI on February 2.
Since xAI has previously acquired the social platform X, SpaceX is now the combined form of rockets, starships and Grock, X.
At the time, the combined company was valued at $1.25 trillion. In June, SpaceX successfully landed in the U.S. and completed its super-IPO, making Musk the world's first billionaire.
But his ambition is far more than that. On October 20, at the third-quarter earnings conference call for SpaceX, Musk publicly stated:SpaceX and Tesla have established an independent special committee of directors to discuss the potential merger.
△In 2018, Musk sent the Roadster into space.
He was strongly supportive of the merger, saying that the two sides had a great deal of room for cooperation in the development of super-smart software. However, due to conflicts of interest, Musk could not participate directly in the special committee's negotiations.
He describes the process as a bizarre performance of choreography: "Two teams are discussing it and I can't be a part of it".
At the time, Musk also spoke about the difficulty of the merger.
Essentially, for Tesla, the merger would require the support of 50% of all shares.
In addition, it is also a question of how many shares SpaceX will take out in exchange for shares held by Tesla shareholders.
In addition, the merged company's pipeline and pipeline architecture is a problem.This is Tesla and SpaceX.
△Source from SpaceXBut for now, things are moving faster than expected.
The two sides are aiming for the earliest date to announce the transaction in December this year, with another option to postpone it until early 2027.
But the specific terms of the merger and the subsequent governance details have already been discussed, and at Musk's pace, the official announcement is not far away.
Moscow's business empire is coming together
In fact, last month's Roadster, which was able to fly, was already a symbol of a combination of Musk's rocket and electric vehicle...
Tesla's launch event was held at SpaceX's rocket test facility in Texas.
The two companies have been working very closely together.
For example, the Terafab chip factory.
In August, SpaceX announced that it would build Terrafab together with Tesla in the state of Texas, concentrating the manufacture, packaging and testing of advanced logic chips, storage chips in a super factory.
And then there's the two types of chips.
One category is the end-to-end logic chips for Tesla's self-driving cars, Cybercab and Optimus humanoids.
The other category is high-power chips aimed at SpaceX's space data center.
△Source from SpaceXAccording to Musk's previously announced schedule, the first test chips are expected to go into production in May or June 2027, with mass production beginning in the third quarter of 2028.
According to SpaceX's official website, the computing power of the chips required by the two companies in the future is expected to exceed 1TW.
Now you don't feel 1GW, but 1TW, or 1000GW of aluminum, if this 1TW device lasts for a full year, its power consumption will be equal toBy 2025, the entire U.S. will double the amount of electricity...
SpaceX recently announced a $74 billion investment to build two new supercomputing parks in Texas and Arizona. SpaceX, known for its space, accounted for more than half of its third-quarter revenue from its AI business.
If Tesla were to join, autonomous driving, Optimus robots, battery storage, and SpaceX's space data center would all be included in the same group of companies.
One More Thing
So the question is, what about the name of this new company after Tesla merged with SpaceX?
The whole Wall Street circle is guessing. But the truth is, it's hard to guess, because Musk's fascination with X-rays is too deep.
X.com、SpaceX、Model X、X、xAI…..Little X（X Æ A-Xii Musk）。
And, incidentally, the U.S. stock code "X" is currently just empty.
It was previously owned by U.S. Steel, but the company was acquired in 2025, with the code coming out.
So this name is no longer grieved, but there is something else that deserves to be grieved.
After all, from the point of view of Musk's years of integrated iron wrists, after the completion of the largest merger in history, this is the largest merger in the history of X-rays.I don't know how many people I'm going to cut off...
