Tesla is the beneficial owner of 18,990,195 shares of SpaceX Class A common stock as of May 1, 2026, representing less than 1.0% of total outstanding Class A shares after giving effect to the offering. The stake functions as an off-balance-sheet asset that is not reflected in Tesla’s reported auto-and-energy revenue mix. Tesla previously disclosed a $2B investment in SpaceX equity in its Q1 2026 8-K filed April 22, 2026. If SpaceX prices an IPO, the stake can receive a public market valuation, creating a direct claim on rocket and Starlink economics. Market-implied probabilities point to a valuation in the $1.75T to $2.00T range, with additional chip collaboration potentially strengthening the relationship.
"Tesla is the beneficial owner of 18,990,195 shares of SpaceX Class A common stock as of May 1, 2026, representing an ownership interest of less than 1.0% of total outstanding Class A shares after giving effect to the offering."
"This is an off-balance-sheet asset that Tesla's auto-and-energy revenue mix completely hides. Tesla already disclosed a $2B investment in SpaceX equity in its Q1 2026 8-K filed April 22, 2026. Once SpaceX prices, that stake gets a public mark, and Tesla shareholders inherit a direct claim on rocket and Starlink economics."
"Polymarket traders assign a 61% implied probability to a SpaceX IPO valuation in the $1.75T to $2.00T range, with a 70.5% probability of closing first-day market cap above $2T. The same crowd prices SpaceX higher than Tesla on June 30 at 88.5%."
"Bullish: the Terafab chip collaboration announced March 2026, plus Intel joining in April 2026, deepens the SpaceX relationship beyond passive equity. Bearish: only 1.4% odds of a Tesla-SpaceX merger announcement by June 30 means the two stay separate, and minority-stake accounting limits how much value flows through."
Read at 24/7 Wall St.
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