Tesla Inc.’s (NASDAQ:TSLA) latest earnings call made Deepwater Asset Management‘s Gene Munster even more bullish on a future combination with Space Exploration Technologies Corp. (NASDAQ:SPCX), prompting him to raise his bets to 90%.

The Tesla-SpaceX Question

“Going into the call, I thought there was an 80% chance the two companies come together in the next few years. I’m raising that to 90%,” Munster said in a post on X Wednesday.

Munster said he was surprised Tesla executives entertained the question and increased his odds after Musk addressed a question about whether combining the companies would make strategic sense.

Musk Expands On Tesla-SpaceX Relationship