Tesla Could Rise 20% on Potential SpaceX Merger, RBC Says
- RBC Capital's Tom Narayan raised his Tesla price target to $500 from $475, modeling an all-stock SpaceX acquisition that he says could deliver a 20–30% premium to Tesla shareholders.
- The call follows SpaceX's muted Nasdaq-100 debut and leans on deepening operational ties between the two Musk-led companies, including joint AI and compute hardware projects.
- Analysts caution regulatory and governance hurdles remain formidable, but the note adds to a growing Wall Street willingness to formally underwrite a convergence scenario.