According to *Fortune* magazine, if Musk pushes for a merger between SpaceX and Tesla, the combined company's valuation could reach $3.4 trillion. The report points out that SpaceX might need to issue new shares equivalent to 94% of its existing outstanding shares to complete the acquisition. Meanwhile, Tesla's GAAP net profit over the past 12 months has dropped to $3.9 billion, with core operating profit at approximately $2.3 billion after excluding regulatory credit revenue and Bitcoin gains. Analysts believe this deal could be a case of one high-valuation asset acquiring another, with long-term profitability still in question. https://(wublock123.com)/news/spacex-tesla-merger-raises-profitability-concerns-61989