- SpaceX and Tesla could announce a merger as soon as December, although the announcement may move to early 2027.
- The combined company would bring nearly 30,220 bitcoin, worth about $2.1 billion at a Friday price near $69,000.
- The bitcoin holdings represent approximately 0.06% of SpaceX and Tesla’s combined market value of about $3.4 trillion.
SpaceX and Tesla Could Combine Their Bitcoin Holdings
SpaceX and Tesla could announce a merger as soon as December, Bloomberg reported Thursday, citing people familiar with the matter. The boards of both companies and their advisers are working through the terms of a potential deal, including how the combined company would be managed.
The announcement could be delayed until early 2027. If completed, the merger would place the bitcoin holdings of Elon Musk’s two biggest companies under one corporate roof, combining assets that are already recorded on their respective balance sheets.
Combined Bitcoin Holdings Near 30,220 BTC
SpaceX held 18,712 bitcoin at the end of September, while Tesla held 11,509 bitcoin, according to their quarterly filings. Both companies reported that their holdings were unchanged from December 2025.
At bitcoin’s Friday price of approximately $69,000, the combined holdings would be worth about $2.1 billion. A merger itself would not require SpaceX or Tesla to purchase additional bitcoin; it would consolidate the companies’ existing holdings.
Bitcoin Represents a Small Share of Combined Value
The potential merger would unite two companies with a combined stock-market value of roughly $3.4 trillion. SpaceX was valued at more than $1.9 trillion following its June initial public offering, while Tesla was valued at approximately $1.5 trillion.
Based on those valuations, the nearly 30,220 bitcoin held by the two companies would account for about 0.06% of their combined value. The proposed transaction would therefore be significant for the ownership structure of the bitcoin, but the cryptocurrency would remain a small portion of the merged company’s overall valuation.
Why This Matters
A SpaceX-Tesla merger would bring the companies’ corporate assets and operations under a single structure while combining their existing bitcoin positions. The immediate implications for the cryptocurrency holdings would relate to ownership and corporate governance rather than a new purchase of bitcoin.
The boards and advisers still need to determine the terms of the deal and how the combined company would be run. The timing also remains uncertain, with a possible announcement in December or a delay until early 2027.
Frequently Asked Questions
How much bitcoin would a combined SpaceX and Tesla hold?
SpaceX and Tesla would hold nearly 30,220 bitcoin combined: 18,712 held by SpaceX and 11,509 held by Tesla according to their quarterly filings.
How much would the combined bitcoin be worth?
At a bitcoin price near $69,000, the holdings would be worth approximately $2.1 billion.
Would the merger require SpaceX or Tesla to buy more bitcoin?
No. The merger would combine bitcoin already held by the two companies and would not, by itself, require either company to purchase additional bitcoin.
