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TESLA × SPACEX
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Kalshi & Polymarket · KXCOMPANYACTIONMERGER · Updated live
Tesla×SpaceX
Merger

SpaceX went public in June 2026 under ticker SPCX. Earlier this month, at the All-In Summit, Elon Musk gave his most direct hint yet that the two companies he controls could combine — and Wall Street noticed. Here's how the live odds sit across Kalshi and Polymarket, and what's being reported right now.

Kalshi · by start of 2028
—
headline contract
Kalshi · signed before Dec 2026
—
near-term rung
TSLA
—
—
SPCX
—
—
Since January

How the odds got here.

Nine months of reported prices, oldest to newest. The trend is up — but the two platforms rarely agree on the exact number, and the gap between them is itself worth watching.

30 JAN
First reports surface, pre-IPO
Financial Times reporting said Musk was weighing a SpaceX flotation, with a Tesla or xAI tie-up floated as an alternative structure. No market existed yet to price it.
Sharecast / Hargreaves Lansdown
—
pre-market
12 JUN
First live prices, after the IPO
Days after SpaceX began trading, both venues listed merger contracts. Polymarket priced a 2026 announcement around a third; Kalshi's same-year contract ran lower, with its longer-dated 2027 rung already well above both.
Benzinga, via Gate.com
38¢
PM · by Dec '26
22 JUL
Musk declines to rule it out, on the record
Asked directly on Tesla's Q2 earnings call about synergies from combining the companies, Musk pointed to "more and more overlap," then handed the question to Tesla's general counsel rather than answer it himself.
Electrek
n/a
no price cited
2 AUG
Kalshi's longer-dated rung climbs to 74%
Reporting flagged genuine skepticism about the deal's commercial logic even as the price kept climbing — traders pricing corporate M&A the same way they price elections.
Prediction News
74¢
KS · by May '27
5 AUG
Polymarket cools off after SpaceX's first earnings miss
SPCX fell 12% on its first public earnings report as a listed company. Polymarket's near-term contract sank to roughly 5% for a Sept 30 announcement — a reminder that "more speculation" and "higher odds" aren't the same thing.
BeInCrypto, via Yahoo Finance
18¢
PM · by Dec '26
11 AUG
Musk denies an unrelated China-spinoff report
A separate report claimed Tesla executives were told to prepare for a China divestiture ahead of a SpaceX tie-up. Musk called it fake news and said the topic had never come up internally — but the denial didn't touch the merger question itself.
Teslarati
—
no new price
16 AUG
An independent AI panel runs price-blind against Kalshi — and lands under it
A five-model panel, scored without seeing the live price, sat below Kalshi's quote at every single horizon: a rough coin flip on the 2028 rung where the market priced roughly seven-in-ten.
OddsShopper
71¢
KS · by 2028
15 SEP
Musk's most direct hint yet, at the All-In Summit
Pressed on why the companies remain separate given how closely they already collaborate, Musk called it a "great question" and pointed to deepening overlap across the businesses as reason enough to wonder what might follow. SpaceX president Gwynne Shotwell said the companies were integrating "faster than I thought," though "not fully integrated yet." TSLA and SPCX both moved on the comments; JPMorgan and Jefferies published same-day notes.
Yahoo Finance · Teslarati · Stocktwits
↑
repricing now
The Dates

— rungs. Kalshi first, Polymarket fills.

Live contracts, oldest deadline to newest. Kalshi is the spine (0 dates). Polymarket fills the deadlines Kalshi doesn't list (0 fills). Prices refresh every 20 seconds.

The Divergence

Two venues. Rarely the same number.

—
Kalshi · longer horizon
by 2028
—
Polymarket · shorter horizon
nearest active
These aren't the same question — different platforms, different deadlines, different resolution wording — so the gap isn't a clean arbitrage on its own. But the pattern holds: Kalshi prices the multi-year outcome richer than Polymarket prices the near-term one, even accounting for the extra runway. Two venues, one event, two numbers is exactly the kind of signal a cross-platform scanner exists to catch.
Live Feed

What's being reported.

Reverse chronological. Curated All-In coverage plus live headlines as they land.

Our Number

Where we differ.

Modelled as a hazard process on the live Kalshi ladder rather than pricing each deadline in isolation. The headline is the longest Kalshi contract; the path to it is the month-to-month hazard implied by the rungs in between.

Kalshi · by 2028
—
headline contract
Betwizzard
—
flat-hazard projection from the live ladder
Gap
—
headline is fairly priced
Resolution

How this settles.

Resolves Yes if Tesla or SpaceX officially announces a definitive, binding agreement for Tesla to acquire SpaceX, SpaceX to acquire Tesla, or the two entities to merge or combine in any structure resulting in a transfer of controlling interest or consolidation under common corporate ownership before the contract date.

The announcement must come through official company channels — press releases, SEC filings (8-K, 10-K, 10-Q), earnings calls, investor presentations, verified official accounts, or statements to media subsequently confirmed by the company.

A stage comment, a hint, or an analyst note — including everything on this page from the All-In Summit — is not sufficient on its own. Rumour and unconfirmed reporting do not resolve the market.

The story is still moving.

We track every repricing, cross-reference it against the news that caused it, and flag when two venues disagree. Seven days free, no card.

See the accuracy record
Kalshi and Polymarket prices are live, continuously-traded markets and will drift from the figures shown a moment ago. Stock prices are last regular-session prints. Betwizzard is an analytics platform; we do not accept stakes, hold funds, set odds or act as counterparty. Not financial advice.betwizzard.com/tesla-spacex-merger