Punters on prediction markets are ramping up bets that Elon Musk may eventually combine Tesla Inc.

(NASDAQ:TSLA) and SpaceX into one entity.

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Polygon (CRYPTO: POL)-based Polymarket assigned a 38% chance that the two companies will officially merge by Dec. 31.

Over $560,000 has already been wagered on the outcome, and the market will resolve to "Yes" if Tesla is merged with or acquired by SpaceX or vice versa.