Tesla Purchases Deepen Musk Company Ties<\/p>\n
The rocket maker\u2019s quarterly filing showed Megapack purchases reached $329 million during the first half. SpaceX had already bought $506 million of the batteries and $131 million of Cybertrucks by the end of 2025. The filing classifies them as related-party transactions.<\/p>\n
The timing suggests the batteries are supporting xAI\u2019s data centers after SpaceX absorbed the AI company in February. Tesla says Megapacks can provide reliable data-center power, prevent outages and balance electricity supply and demand.<\/p>\n
First Earnings Highlight Growth And Spending<\/p>\n
The AI segment generated $2.56 billion in revenue but lost $1.26 billion from operations. Total capital spending reached $18.37 billion, including $15.83 billion for AI infrastructure. Musk defended the outlay, saying, “We\u2019re building AI compute capacity at scale faster than anyone else, we believe, and we\u2019re significantly improving our AI models.”<\/p>\n
Merger Speculation Meets Regulatory And Dilution Risks<\/p>\n
Investors are weighing whether the commercial ties foreshadow a Tesla-SpaceX merger<\/a>. Musk recently cited “more and more overlap” between the companies but said any combination required “the appropriate process.”<\/p>\n Artemis Investment Management\u2019s Harry Eastwood told Reuters on Tuesday that a merger “makes sense” and could broaden SpaceX\u2019s investor base. Wedbush\u2019s Dan Ives, meanwhile, has placed the odds of a tie-up as high as 80% to 90%<\/a>.<\/p>\n Benzinga edge rankings\u00a0indicate\u00a0SPCX<\/a> stock<\/a>\u00a0has a negative price trend across the short, medium, and long term.<\/p>\n Price Action: SpaceX stock was trading 10.64% lower at $112.00 in pre-market trading on Wednesday.<\/p>\n