[If SpaceX and Tesla Merge, the Combined Entity Could Be Valued at $3.4 Trillion] According to Deep Tide TechFlow, on June 1, Fortune analyzed that if Elon Musk were to push for a merger between SpaceX and Tesla, the combined entity could be valued at $3.4 trillion. Among this, SpaceX's estimated valuation is approximately $1.75 trillion, while Tesla's current market value is about $1.65 trillion. The report states that SpaceX may need to issue new shares equivalent to 94% of its existing equity to complete the absorption of Tesla. At the same time, Tesla's GAAP earnings over the past 12 months have dropped from $15 billion in 2023 to $3.9 billion, with core operating profits—excluding regulatory credits and Bitcoin earnings—around $2.3 billion. Fortune noted that this transaction could become one of the largest mergers and acquisitions in history.