TradingKey – Following SpaceX ( SPCX) announcing its debut investment-grade bond issuance, rumors of an upcoming merger with Tesla sent the company’s stock price sliding again.

As of press time, SpaceX was down 15.45% at $156.41, nearing a break below its debut listing price of $150, with its latest market capitalization at $2.05 trillion.

[Source: Google Finance]

Elon Musk’s biographer, Walter Isaacson, has publicly stated that a merger between Tesla and SpaceX makes a great deal of sense.

This aligns with prediction market trends: data from the Kalshi platform shows that the probability of the two companies completing a merger by May 2027 has risen to 57%, continuing to climb following SpaceX’s listing.

Behind the rumors of a Tesla-SpaceX…