EL7.AI
StocksMediumUpdated×2•Originally published 22 June 2026•Updated 22 June 2026•
2 min read

SpaceX Valuation Surpasses $2 Trillion, Fueling Musk’s Tesla Merger Ambitions

Elon Musk portrait centered between a SpaceX rocket and Tesla factory, with a bridge connecting them.

Key Facts

1Elon Musk exercised approximately 304 million Tesla options last week, increasing his voting power to nearly 20%.
2SpaceX completed the largest initial public offering ever this month, providing it with public stock to use as merger currency.

In a move reflecting Elon Musk's drive to consolidate control over his technological empire, the billionaire exercised approximately 304 million Tesla options last week, increasing his voting power to nearly 20%. This strategic accumulation follows SpaceX's completion of the largest initial public offering in history, providing the aerospace firm with public stock to serve as potential merger currency. According to reports, Musk's increased stake is fueling intense market speculation regarding a potential tie-up between his two primary ventures.

These developments occur as SpaceX's market valuation has reached a staggering milestone, officially exceeding $2 trillion. This represents a massive leap from its final private funding round valuation of $210 billion, fundamentally shifting the scale of a potential merger. In comparison to industry peers, Tesla maintains a dominant position despite rising competition from China's BYD, which reported a 21% increase in quarterly sales per its latest earnings release. Analysts suggest that SpaceX's $2 trillion valuation makes any inter-company deal one of the most significant corporate events in history.

As of the close on June 18, 2026, TSLA shares stood at $400.49, while SPCX closed at $185.00 per market data. Investors are now closely monitoring SEC filings for further disclosures regarding ownership changes and potential board approvals for mega-merger deals. Looking ahead, market participants are eyeing the U.S. 20-Year Bond Auction on June 16 as a key indicator of the broader macro environment for high-growth tech stocks.