SpaceX to Nasdaq as Musk Mulls Tesla Merger
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- SpaceX is slated to begin trading on the Nasdaq in just over two weeks after a private market valuation of $1.25 trillion following its merger with xAI.
- Tesla, valued at roughly $1.6 trillion, plans to triple its capital expenditures this year to over $25 billion.
- Musk has discussed with colleagues the possibility of folding SpaceX and Tesla together, a topic openly debated among Tesla employees.
- SpaceX spent more than three‑quarters of its $10.1 billion Q1 capital expenditures on AI.
- SpaceX is in talks to acquire AI coding startup Cursor for $60 billion.
Why it matters: Shareholders in both firms see a combined market cap over $2.8 trillion, prompting antitrust review and intensifying competition for AI talent and chip supply in a market already tight on compute resources.
