Elon Musk signals a deepening collaboration between Tesla and SpaceX but refuses to discuss the merger of the two companies
Elon Musk stated during Tesla's earnings call that Tesla and SpaceX are deepening cooperation in multiple areas, with the Tarefab chip factory project being particularly typical. He refused to discuss the merger of the two companies, stating that such topics are not suitable for discussion in earnings calls and require compliance processes. Although a merger has not been confirmed, the mutual technology exchange and talent sharing between the two have sparked market speculation about their deep integration
On July 20, 2026, a fleet of Tesla Cybertrucks was parked at a charging station outside the SpaceX launch manufacturing facility in Texas, USA.
According to a transcript compiled by Refinitiv, Elon Musk stated during Tesla's earnings call on Wednesday evening that Tesla and SpaceX are deepening their collaboration across multiple project dimensions, but he did not respond to speculation about a potential merger between the two companies in the future.
"You can see that Tesla and SpaceX are collaborating extensively in many areas, and the overlap in our businesses continues to increase, with the Terafab project being particularly typical," Musk said. "This is destined to be a major project of enormous scale."
Musk then indirectly addressed market speculation regarding the deep integration of the two companies: "Clearly, an earnings call is not the appropriate venue to discuss topics like mergers; such matters must go through compliance and formal processes."
This statement is likely to lead investors to continue speculating about the potential for deeper integration between the two companies. The automotive company and the aerospace company have already achieved technological interoperability and shared R&D talent, both led by Musk as CEO
