Key points
- SpaceX and Tesla are reportedly discussing a potential merger that would combine two Elon Musk-led companies.
- The discussions have renewed attention on SpaceX’s reported 30,000 Bitcoin holdings.
- A potential deal could bring the companies’ businesses and digital asset exposure under one corporate structure.
SpaceX and Tesla are advancing merger negotiations that could unite 30,221 Bitcoin (CRYPTO:BTC), according to a report by Bloomberg.
The combined holdings comprise 18,712 BTC at SpaceX and 11,509 BTC at Tesla, based on disclosed figures.
Elon Musk said both companies had formed independent-director committees to assess a potential combination during SpaceX’s third-quarter earnings call.
The companies could announce an agreement as early as December, although discussions also include a possible delay until early 2027.
Their boards and advisers are working through transaction terms and the governance structure of a potential combined business.
A merger would bring SpaceX’s rockets, satellites and artificial intelligence operations alongside Tesla’s electric vehicles, energy storage and robotics businesses.
The combined companies would carry reported market valuations of approximately $3.4 trillion, based on SpaceX’s $1.9 trillion and Tesla’s $1.5 trillion valuations.
Following the announcement, Tesla shares were up at $397.45, while SpaceX shares stood at $139.94.
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