Tesla Draws Attention as Traders Raise SpaceX Merger Bets on Record IPO
Kalshi traders now price a 54% chance Tesla and SpaceX will merge before May 2027 after SpaceX’s record $75 billion IPO, but Tesla’s high valuation and uncertain merger terms mean shares could rise if a value-boosting deal or strong Q2 deliveries materialize—or fall if expectations disappoint, as Tesla trades at 364 times earnings and SpaceX’s IPO valuation far exceeds some analyst estimates.