Report says Elon Musk is weighing a Tesla-SpaceX merger before Trump leaves office

Elon Musk has opened the door to merging Tesla and SpaceX, according to a report published by Euronews on October 22, which frames the move as part of Musk’s broader pattern of folding his business interests closer together.

The report describes the concept as a potential combination of the electric-vehicle maker and the rocket-launch business into a single entity valued at $3.5 trillion (about 3.1 trillion euros). It also says the latest discussion is aimed at completing a deal before US President-elect Donald Trump leaves office, implying that political timing could be a practical constraint for any transaction.

Euronews’ account presents the merger as an evolution of an approach Musk has used over recent years, linking and coordinating different parts of his corporate empire. However, the report does not provide details in the form of filings, binding terms, or a formal process timeline, and it does not indicate whether any board approvals or regulatory steps have already begun.

The concept, if taken seriously, would raise immediate questions about corporate structure because Tesla is a publicly traded company on the Nasdaq under the ticker TSLA. Any transaction involving SpaceX, which is not described in the report with comparable public-market disclosures, would likely need to address how ownership would be valued, how shareholders would be treated, and what legal and tax frameworks would apply.

In the report, the emphasis is less on operational integration plans and more on the idea of creating a single, larger platform for Musk’s ambitions. That makes the political timing mentioned by Euronews central to the story, but it also means readers have limited information about what the companies might gain day-to-day from combining vehicle production, software, and aerospace activities under one umbrella.

For investors and industry observers, the bigger point is that Musk’s companies sit at the intersection of two strategic themes: electrification and space-based capabilities. A merger narrative also hints at how a combined capital structure could be used to fund long-duration projects, although the report does not outline financing mechanisms or whether either company would face near-term capital constraints.

Still, there are major uncertainties. Euronews does not disclose the source of the merger talk, whether Musk raised it directly with Tesla executives or outside stakeholders, what valuation assumptions underpin the quoted $3.5 trillion figure, or whether any regulators have been approached. Until there is a statement from Tesla or SpaceX, or evidence such as formal transaction documentation, the proposal should be treated as unconfirmed reporting rather than an announced deal.