Tesla holders bet on SpaceX merger as Musk’s real endgame

Of course, the challenge in any deal is the price, and in this case that’s even more difficult because of the volatility in SpaceX’s stock. Tesla’s market capitalization is roughly US$1.5 trillion, while SpaceX was around US$2 trillion as of Monday’s close, down from US$2.6 trillion a week ago. But SpaceX’s valuation was closer to US$400 billion just a year ago, and the February xAI deal priced it at around US$1 trillion with the AI business valued at around US$250 billion, Morningstar analyst Seth Goldstein wrote in a research note on July 9, before the IPO.