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Elon Musk has reportedly discussed the possibility of combining Tesla and SpaceX, according to a CNBC report released Tuesday. The potential merger has become a major topic of discussion within both companies as they continue to deepen operational ties and expand their artificial intelligence infrastructure.
Tesla and SpaceX already share employees, engineering resources, and leadership connections. Insiders familiar with the discussions say many Tesla workers have long expected a future partnership or merger between Musk’s companies due to their overlapping technology goals and increasing collaboration on AI, energy, and computing projects.
The report highlighted that more than 75% of SpaceX’s $10.1 billion capital expenditure during the first quarter was linked to AI-related projects. Meanwhile, Tesla recently announced plans to significantly increase spending, with capital expenditures expected to exceed $25 billion this year.
Musk currently serves on the boards of both Tesla and SpaceX alongside his brother Kimbal Musk and investor Ira Ehrenpreis. Several executives and board members have also worked across both companies, strengthening the close relationship between the firms.
Tesla and SpaceX have completed several business deals in recent years. Earlier this year, Tesla invested $2 billion in xAI, Musk’s artificial intelligence company. Following xAI’s merger with SpaceX, those shares became part of SpaceX holdings.
SpaceX also revealed it purchased nearly $700 million worth of Tesla Megapack battery systems in 2024 and 2025 to support xAI data centers in Memphis, Tennessee. In addition, the aerospace company reportedly spent $131 million on Tesla Cybertrucks during 2025.
The companies have collaborated on other projects involving solar technology, vehicle components, private jet usage, and special materials engineering for Tesla’s Cybertruck production.
Tesla stock traded slightly higher in after-hours trading following the CNBC report, while Musk is expected to begin SpaceX’s upcoming investor roadshow next week.
