SpaceX 与特斯拉或于 12 月宣布合并
据彭博社消息，SpaceX 与特斯拉可能在 12 月宣布合并，2027 年初为备选时间，双方董事会仍在就条款、治理结构与换股比例谈判。按 SpaceX 逾 1.9 万亿美元、特斯拉约 1.5 万亿美元的估值计算，特斯拉股东在合并后公司中的持股可能不足一半；特斯拉庞大的中国制造基地与 SpaceX 的美国国防合同在监管审批上方向相反，使中国业务隔离成为谈判核心议题。
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Rohan Paul (@rohanpaul_ai) · 2026-11-12 21
Bloomberg: SpaceX and Tesla could announce their merger as soon as December, with early 2027 as the fallback, while their boards still negotiate terms, governance and the share exchange ratio.
At current values of more than $1.9T for SpaceX and about $1.5T for Tesla, Tesla shareholders could end up owning less than half of the merged company.
However, Tesla’s large China manufacturing base and SpaceX’s US defense contracts pull in opposite directions on regulatory approval, which makes ring-fencing China a core issue in the talks.
