SpaceX completed its Initial Public Offering on June 12, 2026. This public listing provides Elon Musk with the public stock currency required to make a large-scale acquisition feasible. SpaceX President Gwynne Shotwell acknowledged potential synergies between the two companies.
Musk has a history of consolidating his ventures, including the previous acquisitions of SolarCity and X. The companies already collaborate on the Terafab chip factory and share existing supply chain elements.
Tesla stock reacted positively to the development. Shares rose 4.6% during the session. The stock reached a closing price of $399.15.