Tesla shares jumped 4% in minutes during Thursday’s after-hours session after Bloomberg reported the company would merge with SpaceX, both led by Elon Musk. A Reuters report published hours earlier said the merger would be between xAI and SpaceX, with CEO Elon Musk apparently hinting at that possibility. Since reaching its all-time high of $498.83 on December 22, Tesla‘s shares dropped 16.5%. SpaceX IPOEarlier this week, the Financial Times reported that SpaceX, the most-valuable privately held company in the world, was planning to go public this year. A few weeks later, speaking with Larry Fink at the World Economic Forum, Musk said the goal of his companies — including Tesla, SpaceX, xAI — is “to maximize the future of civilization.”