Investor Gary Black stated on July 18 that SpaceX acquiring Tesla at prevailing market prices would not pass muster due to a clear valuation mismatch. The remarks were reported by Benzinga and coincide with a pullback in SpaceX shares, traded under the ticker SPCX, from post-IPO levels.
Black's assessment rests on straightforward arithmetic comparing the two companies' implied values. No regulatory filings, press releases, or statements from Tesla or SpaceX have indicated any merger or acquisition discussions.
The commentary adds to existing analyst notes but does not introduce new primary evidence. Canadian investors tracking Tesla shares or funds with exposure to Musk-led entities may note the remarks as one data point among broader market speculation.
Market participants should distinguish between third-party analysis and confirmed corporate action. Any potential transaction would require extensive regulatory review in both the United States and Canada before proceeding.