
分析:SpaceX若与特斯拉合并,或诞生3.4万亿美元超级企业

BlockBeats 消息,6 月 1 日,《财富》分析称,若马斯克推动 SpaceX 与特斯拉合并,新公司估值或达到约 3.4 万亿美元,其中 SpaceX 估值约 1.75 万亿美元,特斯拉市值约 1.65 万亿美元。这将成为历史上规模最大的企业并购交易,体量接近现有最大并购案的三倍。
不过该交易的财务合理性面临质疑。分析认为,SpaceX 需增发相当于现有股本约 94% 的新股以完成收购,而特斯拉盈利能力近年明显下滑,其 GAAP 净利润已从 2023 年的 150 亿美元降至约 39 亿美元,剔除监管积分及比特币收益后的核心经营利润仅约 23 亿美元。
报道认为,此举更像是利用市场对 SpaceX IPO 的高估值预期为特斯拉提供支持,而非基于传统财务指标驱动的并购交易。
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