SpaceX-Tesla Merger Would Create $3.4 Trillion Super-Company, Fortune Analysis on June 1

According to Fortune analysis via BlockBeats, a potential merger between SpaceX and Tesla would result in a combined valuation of approximately $3.4 trillion, with SpaceX valued at $1.75 trillion and Tesla at $1.65 trillion. This would rank as the largest merger transaction in history, roughly three times the size of the current largest deal on record.

However, the financial viability faces scrutiny. Tesla's profitability has declined significantly, with GAAP net profit falling from $15 billion in 2023 to approximately $3.9 billion, while core operating profit excluding regulatory credits and bitcoin gains stands at only $2.3 billion. Analysts suggest the transaction appears designed to leverage market expectations around SpaceX's potential IPO valuation to support Tesla rather than a traditional financially-driven acquisition.