Musk endorsement may complicate SpaceX-Tesla merger talks

Elon Musk has publicly endorsed a potential deal involving SpaceX and Tesla, according to an exclusive report published October 22, 2026. The endorsement may affect talks over the transaction by making Musk’s position explicit while he is closely associated with both companies.

The development follows recent reporting that Tesla is considering a merger with SpaceX alongside weaker vehicle sales and flat revenue. Tesla’s latest reported annual figures show $94.8B in revenue, down 2.9% year over year, with an 18.0% gross margin and a 4.1% net margin.

The central connection is Musk’s role across SpaceX and Tesla: his public support could shape negotiations involving the two companies and raise questions about how the interests of Tesla shareholders are represented. Tesla’s operating performance provides the financial backdrop for those discussions.

The outcome of the talks, their terms, and the process used to evaluate any transaction remain open questions. Further statements from the companies or formal transaction documents would clarify whether discussions advance and how any deal would be structured.

The next markers are a formal announcement, regulatory or shareholder steps, and Tesla’s future operating disclosures, particularly vehicle sales and revenue.