Musk floats SpaceX-Tesla merger worth ~$3.5T; Tesla +1.5% AH, SpaceX +8%

Elon Musk has floated a potential merger between SpaceX and Tesla, with a combined valuation around $3.5 trillion. The proposal is preliminary and unconfirmed, but the market reaction—Tesla up 1.5% after hours and SpaceX up 8%—suggests investors see potential synergies. If pursued, this would be one of the largest corporate combinations in history, but regulatory and structural hurdles remain significant.