DAN IVES SEES 80%–90% ODDS OF SPACEX–TESLA MERGER Dan Ives reiterated Outperform on SpaceX (SPCX ) with a $225 price target, following its $40B GPU financing deal. He sees an 80%–90% chance of a Tesla (TSLA ) merger by 2027, potentially valuing Tesla above $500 per share. The key takeaway: A merger could combine Tesla's robotics and autonomy with SpaceX's AI infrastructure and computing power. Source: Yorkville — Dan Ives(彭博社)