Merger rocket 🚀: Dan Levy floats Tesla-SpaceX announcement before Dec. 3

Barclays analyst Dan Levy believes Tesla and SpaceX could announce a merger before Tesla’s December 3 annual shareholder meeting, according to a research note detailed in a live update timestamped 05:15:00 PM UTC, 20 October 2026. Levy said an October or November announcement would give investors time to evaluate the proposal before the shareholder vote.

SpaceX is considered the likelier acquirer, although neither Tesla nor SpaceX has officially committed to pursuing a transaction. The discussion centers on Elon Musk’s two publicly traded companies, with attention focused on the timing, valuation and strategic rationale of a potential combination.

SpaceX is set to report its third-quarter (Q3) earnings on October 20, with revenue growth, AI spending, the Starlink business and expanding AI ambitions among the areas drawing interest. Tesla’s upcoming quarterly earnings are also being watched for further information about the companies’ growing synergies and any indications of Musk’s intentions.