Will Tesla and SpaceX merge? Barclays expects announcement ahead of December meeting

The analyst warned that an investment too close to the shareholder meeting could imperil the approval process.A statement from Barclays reads: “While it is possible that a merger announcement could be delayed until late October or even early November, we believe such a timing could make it more difficult to approve the transaction at the annual shareholder meeting.”Barclays said a potential Tesla-SpaceX combination had become the mainstream expectation among investors.

The bank identified shareholder voting as a substantial bottleneck with investors in both companies required to vote on a potential transaction.

Primarily, the potential merger would bring together two businesses that have deepened their AI integration even though their primary core activities remain different.Artificial intelligence is poised to become SpaceX’s largest source of revenue during 2026, according to Bloomberg Intelligence models.

Barclays believes that the combination would allow Musk to integrate AI development more closely across computing infrastructure and client operation.Nonetheless, Barclays anticipates the timing of any announcement will be influenced by the December shareholder meeting though neither company has confirmed a binding agreement for a transaction.

Will Tesla and SpaceX merge?

Barclays expects announcement ahead of December meeting October 15, 2026.