JPMorgan analysts suggest a Tesla-SpaceX merger is increasingly practical. SpaceX’s estimated $2.2 trillion market cap now exceeds Tesla’s valuation. This scale provides the necessary acquisition currency for an all-stock, SpaceX-led deal. The bank identifies shared engineering talent and AI infrastructure as key synergies for the combined entity.
Tesla recently reported record-breaking Q2 delivery numbers that beat Wall Street expectations. However, management projections indicate the robotaxi rollout is behind schedule. Gary Black of The Future Fund warns that Tesla’s valuation remains too high for most institutional investors relative to projected growth.