TSLA – Potential implications from SpaceX IPO

Research evidence excerpt

TSLA – Potential implications from SpaceX IPO

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TESLA, INC. (TSLA) June 9, 2026

TSLA – Potential implications from SpaceX IPO Rating:

Peer Perform

The Wolfe Byte Price: $408.95

With SpaceX set to go public this week, we examine the potential implications for Price Target:

TSLA investors following the offering. NA

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SpaceX is set to go public later this week. Based on our discussions with institutional

investors, the potential for an eventual SpaceX / Tesla merger has increasingly moved Company Information

into the mainstream, with some now making it their primary thesis for owning the 52-Week Range $294 - $490

Market Cap. (MM) $1,535,903

TSLA stock. The goals of such a combination include: a) Musk’s ownership control, Enterprise Value (MM) $1,418,371

as a hypothetical 1-for-1 all-stock transaction would give Elon well >50% voting Shares Out. (MM) 3,755.7

rights of the combined entity; b) a powerhouse in the AI realm, with TSLA bringing Avg. Value Traded (MM) $25,346.97 SI% of Float 2.6%

massive real-world data sets & SPCX building out sizable compute power; and c)

access to a larger capital base. But there could be significant challenges to getting 550

this combination done, including the need to pay a large premium, possible opposition 500

from other SPCX holders, and regulatory hurdles including from TSLA’s large China 450

ops. 400

Ultimately, completion of a possible merger is unlikely until mid-2027 (at the earliest) 300

in our view. In the meantime, the anticipation could provide downside support for 250

TSLA stock, but they need to deliver on robotaxi & Optimus proof points for the Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26