Tesla shares hold near $400 as investors eye possible SpaceX tie-up
Why it matters: A merger bet is helping support Tesla even after SpaceX slid from about $2.6 trillion to $2 trillion in days.
Tesla shares have stayed relatively firm after SpaceX’s blockbuster IPO, with some investors betting Elon Musk could eventually combine the two companies. Tesla briefly moved back above $400 on Monday even as SpaceX’s post-listing surge faded. Analysts and fund managers cited in the report said the IPO has created a new catalyst for Tesla by raising the prospect of a broader Musk technology group spanning electric vehicles, AI, satellites and rockets. Tesla’s market value is about $1.5 trillion, while SpaceX closed around $2 trillion on Monday, down from roughly $2.6 trillion a week earlier. Any deal would face valuation and strategic hurdles, since Tesla’s core business differs sharply from SpaceX’s launch and satellite operations.