Musk's Next Move: Could Tesla and SpaceX Unite Into One Company?

Speculation is rising that Tesla could merge with SpaceX to create a mega-conglomerate spanning rockets, EVs, and AI, after SpaceX's valuation surged past Tesla. Proponents say shared talent and projects like Terafab could unlock synergies and give Musk greater control over the AI ecosystem, while critics warn about governance issues, potential shareholder dilution, and SpaceX's lack of profitability. The deal faces practical hurdles, including valuation, lockups, and regulatory scrutiny, even as Tesla and SpaceX already collaborate and Musk's empire remains tightly intertwined.