Wedbush analyst Dan Ives and his team released a research report shortly after the release of the SpaceX prospectus, predicting that SpaceX and Tesla will merge in 2027.

Ives pointed out that Tesla currently holds shares in SpaceX, and the Terafab factory jointly operated by both companies has deeply intertwined their businesses. Ives wrote: “Elon Musk wants to gain more dominance in the AI ecosystem, and the ultimate goal he aims for step by step may be to somehow combine SpaceX and Tesla, thereby creating a link between these two disruptive technology giants determined to lead the AI revolution.” SpaceX also stated in its prospectus that the two companies have “laid the preliminary foundation for a strong and constructive partnership through a series of limited yet quite successful business collaborations.”