CoinDesk
Elon Musk is exploring a merger between Tesla and SpaceX that would consolidate two of the largest corporate bitcoin treasuries into a single entity holding roughly 30,221 BTC — worth about $3.3 billion at current prices and ranking fifth among public corporate holders globally, CNBC reported Tuesday.
Tesla currently discloses 11,509 BTC on its balance sheet, while SpaceX holds 18,712 BTC per public filings and blockchain treasury trackers. Combined, the two holdings would trail only Michael Saylor's Strategy (MSTR), Twenty One Capital (XXI), Jack Mallers' Twenty One venture, Metaplanet and Marathon Digital Holdings (MARA).
Why it matters
The strategic logic Musk has discussed with colleagues centers on growing operational overlap — particularly in power infrastructure and AI-related computing — rather than crypto positioning. But the bitcoin byproduct is the part the market will price immediately: a single Musk-controlled vehicle controlling 30,221 BTC would rank ahead of every public corporate treasury except four, and it would consolidate exposure that today sits across two separately reported balance sheets.
The talks land as SpaceX prepares to begin trading on Nasdaq next month, following its merger with Musk's xAI at a roughly $1.25 trillion private valuation. A Tesla tie-up would further tighten Musk's network of interconnected technology businesses spanning EVs, aerospace, AI, payments and communications — a structure with no obvious public-market parallel.
Market impact
Neither Tesla nor SpaceX has publicly confirmed merger plans, and the talks remain exploratory. A current Tesla employee told CNBC many workers have long expected such a transaction internally, and another person close to the companies said collaboration has been accelerating.
Tesla first disclosed bitcoin purchases in 2021 and briefly accepted BTC for vehicle payments before suspending the option over mining-related environmental concerns. Musk has remained one of the most influential public figures in crypto markets, with single posts historically moving both BTC and DOGE.
Frequently asked questions
-
How much bitcoin would a merged Tesla-SpaceX entity control?
Roughly 30,221 BTC — 11,509 from Tesla and 18,712 from SpaceX — worth about $3.3 billion at current prices, per public disclosures and blockchain treasury trackers cited by CNBC.
-
Where would the combined holdings rank among corporate bitcoin treasuries?
Fifth-largest public corporate holder globally, trailing only Strategy (MSTR), Twenty One Capital (XXI), Jack Mallers' Twenty One venture, Metaplanet and Marathon Digital Holdings (MARA).
-
Has Tesla or SpaceX confirmed the merger talks?
No. CNBC reported the discussions citing people familiar with the matter, but neither company has publicly confirmed any merger plans; a current Tesla employee said many workers have long expected such a deal internally.
-
Why would Musk merge Tesla and SpaceX?
Per CNBC's sources, the strategic motivation is growing operational overlap in power infrastructure and AI-related computing, not bitcoin positioning — though the BTC consolidation would be a market-moving byproduct.
-
When does SpaceX start trading on Nasdaq?
SpaceX is expected to begin trading on Nasdaq next month, following its merger with Musk's AI company xAI at a roughly $1.25 trillion private valuation earlier this year.
WuBlockchain
CoinTelegraph
TheBlock
CryptoSlate
Crypto News
WatcherGuru