Elon Musk has discussed a possible merger between Tesla and SpaceX as the aerospace company moves toward a Nasdaq listing.

Musk also signaled that direction by backing a 2026 initial public offering report in December 2025.

The ties between Tesla and SpaceX already go beyond informal collaboration.

SpaceX, Musk’s US-based space and satellite internet company, confirmed a deal to acquire xAI earlier this year, and Tesla disclosed a US$2 billion investment in xAI shortly before that.

SpaceX’s IPO filing said its connectivity unit, mainly Starlink, generated US$11.39 billion last year, or 61% of total revenue.

The filing also said Starlink’s user base reached 10.3 million in the first quarter.

Separate estimates from Payload Research put SpaceX at US$13.1 billion in 2024 revenue, including US$4.2 billion from launches.

That suggests much of the company’s scale comes from satellite connectivity alongside its rocket business.

🔗 Source: CNBC

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