SpaceX-Tesla merger could create Bitcoin giant

Speculation surrounding a possible merger between SpaceX and Tesla could place more than 30,221 Bitcoin worth about $2.27 billion under the control of Elon Musk.

Reports citing people familiar with the discussions said Musk has explored combining the companies as SpaceX moves closer toward a potential public listing.

“The two companies already have a laundry list of shared resources, and Musk has discussed with colleagues the possibility of folding the companies together,”

CNBC reported citing unnamed sources familiar with the matter.

Recent filings showed SpaceX holds about 18,712 Bitcoin valued at more than $1.4 billion while Tesla’s latest disclosures listed roughly 11,509 Bitcoin worth around $862 million.

The combined entity would rank among the largest publicly traded corporate Bitcoin treasuries globally, potentially placing fifth based on current Bitcoin treasury rankings.

SpaceX disclosed its Bitcoin holdings during IPO-related filings and is reportedly seeking a valuation between $1.75 trillion and $2 trillion ahead of a potential Nasdaq debut that could become the largest public listing in history.

Musk has long been associated with cryptocurrency markets through Tesla’s Bitcoin investments and his public support for meme cryptocurrency Dogecoin, though he previously claimed to personally own only a small amount of Bitcoin.

At the time of reporting, Bitcoin price was $74,160.29.