Elon Musk Says SpaceX and Tesla Are Exploring a Merger NYT - Top Stories By: Ryan Mac and Jack Ewing 21 October 2026 at 12:13 A deal would consolidate Elon Musk’s holdings in rockets, cars and artificial intelligence into a company worth well over $3 trillion. © Jeenah Moon/ReutersSpaceX’s blockbuster public offering on the Nasdaq in June helped make Elon Musk, who is also the chief executive of Tesla, the first person to be worth more than a trillion dollars.