SpaceX Is Down 32% From Its High, and a Tesla Merger Could Make It a Better Long-Term Buy

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Summary · why it matters

SpaceX shares have fallen 31.5% from their intraday high of $225.64 to close at $154.60 on June 22, and a merger with Tesla could address key challenges for both companies. The two firms are already collaborating on Terafab, a planned 100-million-square-foot chip plant that would be the world's largest vertically integrated semiconductor manufacturing facility, with an annual output of one terawatt of compute—double current U.S. consumption. SpaceX's acquisition of xAI, whose Grok large language models are deeply integrated into Tesla's self-driving and energy storage platforms, would be streamlined under a single entity, simplifying the relationship where Tesla is both partner and customer. Tesla's energy storage technology could also help SpaceX's orbital AI data center satellites avoid sun-synchronous orbits that cause light pollution, by enabling them to operate longer in Earth's shadow. Investors should watch SpaceX's upcoming earnings call for any merger discussion.