By Ed Ludlow and Caroline Hyde | Updated on Jun 12, 2026 at 08:26 PM
Alexandra Merz, a longtime Tesla Inc. investor, said she deliberately avoided buying shares in SpaceX’s initial public offering because she expects Elon Musk to move quickly to combine the two companies.
“My thesis is that Tesla and SpaceX will merge,” Merz, chief executive officer of L&F Investor Services, said Friday in a Bloomberg Television interview. “As an all-in Tesla investor I would have had to sell Tesla, which I was not going to do. So my thesis is I am going to hold these and in a couple of short weeks, if I am right, they will announce the merger that will then be consummated in the first half of 2027.”
Merz, who has said she owns “multiple thousand” Tesla shares and runs the @TeslaBoomerMama X account with almost 240,000 followers, echoed a proposition advanced by some of SpaceX’s private-market backers. Holders including Peter Diamandis, an XPrize Foundation founder, have suggested that Musk’s desire for control over his companies would spur a Tesla-SpaceX tie-up, akin to the combination of SpaceX with xAI this year.
Shares of Space Exploration Technologies Corp. jumped more than 30% beyond the $135 initial public offering price in their trading debut, valuing Musk’s space and data infrastructure company at approximately $2 trillion and making it more valuable than Meta Platforms Inc. and Saudi Aramco.
More than 20 exchange-traded funds launched SpaceX-linked products within hours of the public debut, while a Kalshi prediction market contract on a Tesla-SpaceX merger announcement before May 2027 traded at 55%, up from 26% earlier this year. Wedbush analyst Dan Ives has estimated merger odds at 80% to 90% by the first half of 2027, though some analysts warn such a combination could be 28% dilutive to Tesla shareholders.
Christian Garrett, managing partner of 137 Ventures, an early SpaceX investor, defended Musk’s 84% voting control post-IPO as necessary for a long-term management focus. The governance structure “brings stability to the company which is what you want when you’re investing in something that’s going after a multi-generation opportunity,” he said in a Bloomberg Television interview.
(This story was produced with the assistance of Bloomberg Automation.)