Bitcoin
SpaceX and Tesla explore potential merger involving combined holding of over 30,000 bitcoin
Elon Musk has confirmed that SpaceX and Tesla are evaluating a merger that would unite corporate treasuries holding 30,221 bitcoin.
SpaceX and Tesla have initiated exploratory talks regarding a potential merger between the two companies, chief executive Elon Musk confirmed during SpaceX's third-quarter earnings call on October 20, 2026. Both firms have formed special committees composed of independent directors to evaluate the transaction, though no terms or formal agreements have been established.
Musk expressed support for the concept while noting that final approval rests entirely with shareholders. He described his position in the process as strictly separate from direct negotiations, stating that the discussions must occur independently between the designated committees of each business.
A completed transaction would consolidate a total of 30,221 bitcoin currently held across both balance sheets, valued at approximately $2.53 billion based on a bitcoin price of $83,820 reported by CoinGecko. Disclosures show that SpaceX holds the larger portion with 18,712 BTC, representing 61.9 percent of the total, while Tesla accounts for 11,509 BTC, or 38.1 percent.
The announcement coincided with third-quarter results for SpaceX that exceeded market expectations, lifting its shares roughly nine percent to $161 in pre-market trading, while Tesla's quarterly figures were scheduled for release later the same day.
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