NEW YORK — Wall Street's most vocal Tesla bull is back with a headline-grabbing call: a full merger of Tesla and SpaceX by 2027. The forecast from Wedbush has put fresh focus on the tangled, increasingly intertwined value of Elon Musk's two biggest companies — and on how investors should price the possibility.
Tesla — NASDAQ: TSLA — has become the main vehicle for public investors to express a view on the whole Musk ecosystem, while SpaceX — NASDAQ: SPCX, which now includes xAI after their merger — trades as the pure play on rockets, Starlink, and orbital compute. A combination of the two, Wedbush argues, would fuse Tesla's cash-generating auto and energy businesses with SpaceX's soaring valuation into a single, hard-to-ignore giant. The idea isn't new — it echoes the merger buzz stirred by a Roadster spotted at SpaceX HQ — but an explicit 2027 timeline from a major bank sharpened the conversation.
Musk Defends the Valuation
The call landed as Musk publicly defended SpaceX's roughly $1.8 trillion valuation, reviving the same bull-case framing he once used in Tesla's early days: that investors who focus only on today's numbers consistently underprice what the company is building. He pointed to Starlink's subscriber growth, Starship's falling cost to orbit, and the long-term promise of orbital compute as reasons the valuation is defensible rather than frothy.
Where the Tape Stands
$TSLA traded in a steady range on the session, holding near the upper end of its 52-week band after a firm open, while $SPCX sat close to record territory, extending a run that has made it one of the most valuable listed companies in the world. Broader tech was mixed, with the $QQQ little changed, but Musk-linked names continued to trade on their own catalysts — autonomy, AI compute, and launch cadence — more than on the day's macro headlines. Both $TSLA and $SPCX remain among the most actively discussed tickers on the Street.
