SpaceX and Tesla Will Likely Merge, Ives Says

Dan Ives, Global Head of Technology Research at Wedbush Securities, discusses SpaceX's record $75 billion IPO priced at $135 with massive oversubscription. He views SpaceX as a data and AI play with a Starlink moat and predicts an 80% probability that Tesla and SpaceX will merge within a year to consolidate Musk's AI ecosystem. The conversation covers the Musk premium, orbital data centers, and how the IPO has impacted recent tech market liquidity. - SpaceX IPO priced at $135, raising $75 billion, 4x oversubscribed with $100 billion in retail orders. - Dan Ives sees an 80% chance Tesla and SpaceX merge in the next year to unify Musk's AI data assets. - SpaceX is framed as a data/AI play with a moat from Starlink, not a traditional space company. - Orbital data centers are expected to become realistic within 3–4 years, boosting SpaceX's long-term value. - Tesla remains the main public vehicle for Musk's ecosystem until a merger materializes. - The recent tech sell-off is partly attributed to liquidity repositioning ahead of the SpaceX IPO. - Ives is bullish on both SpaceX and Tesla, citing the fourth industrial revolution and AI infrastructure spending.