Tesla Secures SpaceX Stake Through xAI Investment Ahead of Massive June IPO

Aditya Raghunath4 minute read
Reviewed by: Thomas Richmond
Last updated Apr 3, 2026

Key Stats for Tesla Stock

  • Price change for Tesla stock Today: -5%
  • $TSLA Stock Price as of Apr. 2: $361
  • 52-Week High: $499
  • $TSLA Stock Price Target: $419

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What Happened?

Tesla (TSLA) stock just got a little more interesting for investors — and not because of car deliveries.

SpaceX has confidentially filed for an IPO with the SEC and is reportedly targeting a valuation of around $1.75 trillion, with a public listing potentially as early as June.

If accurate, it would be the largest U.S. IPO ever, surpassing Alibaba’s $22 billion offering in 2014 by a wide margin.

SpaceX is also said to be looking to raise up to $75 billion.

Why is this relevant from Tesla’s stock perspective:

  • Tesla has received regulatory approval to convert its $2 billion investment in Elon Musk’s AI company xAI into a direct ownership stake in SpaceX.
  • The deal was cleared by the U.S. Federal Trade Commission, with filings dated March 11.
  • While the exact size of the stake hasn’t been disclosed, it’s reported to be less than 1% of SpaceX.

Here’s how it happened.

  • Tesla invested $2 billion into xAI earlier this year.
  • Then, in February, SpaceX and xAI merged into a new combined entity. That merger meant Tesla’s xAI stake effectively became indirect exposure to SpaceX.
  • The FTC approval now formalizes that into a direct equity position.
TSLA Stock Revenue, EBIT & Free Cash Flow Estimates in Billion USD (TIKR)

The timing matters.

For Tesla stock, this means shareholders now have indirect exposure to one of the world’s most valuable private companies, ahead of what could be a historic public debut.

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What the Market Is Telling Us About Tesla Stock

This is a subtle but meaningful development for Tesla stock.

The company isn’t just an automaker anymore — it’s increasingly connected to Musk’s broader empire of ventures, including AI, space, and satellite infrastructure through Starlink.

Whether this stake ever becomes financially meaningful depends on how the SpaceX IPO plays out.

IPO stocks tend to pop around 19% on their first day of trading on average, but that’s not guaranteed. Roughly 25% of IPOs actually decline on day one.

TSLA Stock Valuation Model (TIKR)

Still, having any exposure to SpaceX at a pre-IPO valuation is notable.

And with Tesla stock already down 18% year-to-date, some investors may see this as an underappreciated asset sitting on Tesla’s books.

Q1 earnings on April 22 will be the next big catalyst to watch.

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!

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