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SpaceX and Tesla evaluate merger involving corporate treasury of 30,000 bitcoin

Independent committees at Tesla and SpaceX are reviewing a prospective combination of the two companies whose assets include approximately 30,000 bitcoin.

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SpaceX and Tesla are currently in discussions regarding a potential merger, chief executive Elon Musk stated during SpaceX's third-quarter earnings call on October 20, 2026. Both firms have formed special committees of independent directors to assess the proposal, though neither party has disclosed a timeline, valuation, structure, or share exchange ratio.

A combined entity would hold roughly 30,000 bitcoin, valued at around $2.5 billion with bitcoin trading near $83,353 on October 21. This digital asset holding represents approximately 0.073 percent of the two companies' aggregate market valuation. Neither business has officially broken down the exact distribution of the bitcoin holdings between their corporate accounts.

The development follows positive quarterly results from SpaceX, which reported revenue of $14.6 billion and net income of $4.4 billion. Meanwhile, Tesla previously recorded digital asset losses of $222 million in the first quarter and approximately $100 million on its bitcoin holdings in the second quarter, alongside an unrealised $1 billion mark-to-market gain on its equity stake in SpaceX.

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