SpaceX’s 37% first-week surge cuts stock needed for a Tesla buyout to 38% from 46%

Speculation about a potential SpaceX-Tesla combination has intensified after SpaceX shares jumped 37% in their first week, lifting the company’s valuation to $2.44 trillion. At that level, an all-stock purchase of Tesla would require SpaceX to issue 38% more shares, down from 46% when SpaceX was valued at about $1.75 trillion. The piece notes Tesla’s GAAP net earnings totaled $3.4 billion over the past four quarters, compared with $15 billion in 2023, even as its market cap remains around $1.5 trillion and is tied to AI and robotics narratives that are not yet generating sales. It adds that no official merger progress or concrete transaction steps are cited.