SpaceX Update: Tesla Merger Talk, Starlink Spying Report, Erste EPS

This update is a roundup of same-day reporting from the linked sources below, with editorial context from the CPJ Stock Desk.

Elon Musk has publicly backed the idea of merging Tesla and SpaceX, while a new report says an Israeli ad tech firm targeted Starlink users. Separately, Erste Group raised its FY2027 earnings forecast for SpaceX (NASDAQ: SPCX).

Key points

Musk said this past week that a Tesla-SpaceX merger is a good idea, per Roanoke. The article puts the combined value at about $3.5 trillion.
Investor Larry Goldberg says a merger needs no premium, but floated $500 to win over Tesla holders, according to Asianet Newsable.
Erste Group analyst S. Lingnau lifted the FY2027 EPS estimate to $2.03 from $1.72, per The Lincolnian.
Experts at a digital defense firm found an Israeli ad tech company heavily targeting Starlink users, Buffalo News reports, citing six people.
Jio Platforms’ listing placed it in the $100 billion IPO valuation club alongside SpaceX, per Moneycontrol.

What does Musk’s backing of a Tesla-SpaceX merger mean?

The Roanoke summary says Musk called a merger a good idea and that the combined company would be worth about $3.5 trillion. The excerpt does not say that any formal proposal, board process or timetable exists. Support from Musk in public comments is not a deal announcement, and readers should treat it that way until either company files or states something concrete.

The Asianet piece adds an investor view. Goldberg argues the combination would benefit both investor groups and needs no premium. He also warned that angry Tesla shareholders could reject it, and floated $500 as a figure that might sway holders who feel they would miss out on a bigger payoff. The summary does not spell out the mechanics behind that number, so it is best read as one investor’s opinion rather than a proposed term.

For SPCX holders, the open questions are structural: which side would pay, how the exchange would be set, and whether shareholders on either side would approve. The sources provided do not answer any of these.

What did the Starlink targeting report find?

Per Buffalo News, experts at a digital defense firm recently found that an Israeli ad tech company was heavily targeting users of Starlink’s satellite internet service, in what was likely an effort to spy on them. The report cites six people familiar with the matter. The available excerpt is truncated, so details on methods, scale and any response from SpaceX or the named company are not available here.

The finding concerns users of the service, and the excerpt does not allege a breach of SpaceX’s own systems. Whether it has any effect on subscriber trust or regulatory attention is not addressed in the provided material. We will update if further reporting adds specifics.

How are analysts and the IPO comparison framing SPCX?

Erste Group Bank raised its FY2027 EPS estimate for SpaceX to $2.03 from $1.72 in a report dated Wednesday, October 21. That is an increase of $0.31 per share, or about 18%. The summary does not give Erste’s rating, price target or the reasoning behind the revision, so the change is a data point on expectations rather than a full thesis.

Separately, Jio Platforms listed on the NSE on October 28 at ₹1,358 per share, a 21.4% premium to its ₹1,119 issue price, per CNBC-TV18. Moneycontrol says this makes Jio only the fourth company after Meta, Alibaba and SpaceX to join the $100 billion IPO valuation club, with a market capitalisation of Rs 12.6 lakh crore. The comparison is about valuation at listing, and says nothing about SPCX’s current share price.

This site is independent and not affiliated with SpaceX. Nothing here is investment advice.