TradingKey – On July 23, Eastern Time, SpaceX ( SPCX )’s stock price hit another historic low, dropping to a low of $110.85, before rebounding. As of press time, it was up about 1%, trading at $116.4.

Gene Munster, founder of Deepwater Asset Management, said on Wednesday that the likelihood of a merger between SpaceX and Tesla ( TSLA) now seems more likely. He posted on the social media platform X, noting, “Before the conference call, I thought there was an 80% chance these two companies would merge in the next few years. Now I’ve raised that probability to 90%.”

Musk also stated today that he has not ruled out the possibility of a merger with SpaceX, noting the increasing business overlap between the two companies. Musk said during…