SpaceX is reportedly considering a merger with Tesla (TSLA) or xAI in lieu of an IPO People close to the matter say it could draw interest from Middle East sovereign investors and shares of xAI would be exchanged for shares of SpaceX. People close to the matter say that SpaceX is looking to merge with Tesla (TSLA) or xAI. Source: xAIOn January 29, 2026, Bloomberg reported that SpaceX is considering a merger with Tesla (TSLA) or xAI, all of which are Elon Musk-run companies. A Reuters report also refers to people close to the matter, stating that shares of xAI would be exchanged for shares in SpaceX. Tesla (TSLA) has just posted its Q4 2025 earnings results in which it beat both revenue and EPS expectations.