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Tesla, SpaceX Shares Up on Progressing Merger Talks, Bloomberg Reports

Provided by Dow Jones Nov 12, 2026, 9:23:00 PM

By Natalie Weger

Tesla shares were on the rise following reports that merger negotiations between SpaceX and the electric car company are progressing.

Tesla shares increased as much as 1.9% to $398.35 on Thursday. The stock remains down 11% year to date.

Elon Musk's two largest companies could announce the deal as soon as December, marking the largest corporate merger in history, according to Bloomberg News, citing people familiar with the matter.

Boards and advisers are negotiating terms of the deal and the structure of the combined entity, Bloomberg reported.

Tesla and SpaceX representatives didn't immediately respond to Bloomberg's requests for comment, the news outlet reported.

SpaceX shares rose 0.6% to $140.63 on Thursday.

Write to Natalie Weger at natalie.weger@wsj.com.

(END) Dow Jones Newswires

November 12, 2026 16:23 ET (21:23 GMT)

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