Elon Musk’s recent comments at the All-In Summit and on earnings calls have fueled trader sentiment around a potential Tesla-SpaceX merger, highlighting extensive collaboration on the Terafab semiconductor facility, shared AI research, and projects like Digital Optimus. Both companies are advancing overlapping artificial intelligence capabilities, with SpaceX focusing on orbital data centers and Tesla on robo-taxis and humanoid robots, while Tesla’s recent shareholder voting changes could ease approval hurdles. SpaceX’s June 2026 IPO and joint technology initiatives have intensified speculation, though no formal announcement has occurred and shorter-term resolution contracts have expired without a deal. Analysts point to 2027 as a plausible window given these synergies, but regulatory reviews, shareholder votes at Tesla, and execution risks around integrating operations remain key variables that could shift the implied probability.