Tesla and SpaceX Merger Talks Are Advancing, Bloomberg Reports

Talks, not a finished deal

November 12, 2026, 7:50 p.m. Central.

Tesla and SpaceX are making progress in discussions about a possible merger, and an announcement could come as soon as December, Bloomberg reported Thursday, citing people familiar with the negotiations. The report also described a possible delay into early 2027.

There is no announced agreement. The potential timing is a possibility reported by unnamed sources, not a deadline or a promise that a transaction will happen. Reuters reported the Bloomberg account and said it could not immediately reach the companies for comment; that is not separate confirmation of the talks’ latest status.

What Musk said before

In October, Elon Musk, who leads both companies, said a combination would be a good idea and that the companies had formed special committees to discuss it, Axios reported. The committees’ work did not itself establish an agreement. Musk’s October remarks preceded the latest Bloomberg report; no new statement by him about that report was verified for this article.

Tesla makes electric vehicles and energy products, while SpaceX operates rocket and satellite businesses. A combination would bring those operations together, but the proposed structure, exchange terms and approval process have not been publicly established in the reports reviewed by Newstro.

What remains unresolved

Investors would need details about valuation and how ownership would be exchanged before they could assess a proposed transaction. The companies would also have to address any applicable shareholder and regulatory approvals. Bloomberg’s reporting on private negotiations is not a public filing announcing completed terms.

Reuters previously reported that the companies had considered different structures, including a SpaceX acquisition of Tesla or a new holding company; that October account does not establish which structure, if any, the companies will choose.

Timeline

October 20: Musk discussed the possibility and confirmed special committees, according to Axios. November 12: Bloomberg reported that negotiations were progressing and cited December as a possible announcement window. Dates refer to the reporting, not a scheduled transaction.

Reporting shared on X

The Kobeissi Letter shared Bloomberg’s report on November 12. Newstro reviewed the post directly; it repeats Bloomberg’s reporting rather than independently confirming a deal.