{"id":14782,"date":"2026-10-22T07:17:48","date_gmt":"2026-10-22T07:17:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14782"},"modified":"2026-10-22T07:17:48","modified_gmt":"2026-10-22T07:17:48","slug":"musk-floats-us5-trillion-tesla-spacex-merger-that-could-unite-30000-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14782","title":{"rendered":"Musk Floats US$5 Trillion Tesla\u2013SpaceX Merger That Could Unite 30,000 Bitcoin"},"content":{"rendered":"

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  • Elon Musk said on 20 October that Tesla and SpaceX have each formed a committee of independent directors to consider a merger, with no terms agreed.<\/span><\/li>\n
  • BitcoinTreasuries puts the two companies\u2019 combined holdings at 30,221 BTC, worth US$2.54 billion (AU$3.61 billion) at 30 September.<\/span><\/li>\n
  • Analyst Dan Ives estimates a merged company would be valued close to US$5 trillion (AU$7.1 trillion), and Musk said a deal needs the backing of half of all Tesla shares.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Elon Musk said Tesla and SpaceX have each formed a committee of independent directors to weigh a merger, a deal that would put both companies\u2019 Bitcoin on one balance sheet.<\/p>\n

    Musk disclosed the committees on SpaceX\u2019s third-quarter earnings call on 20 October. SpaceX had reported quarterly revenue of US$14.6 billion (AU$20.73 billion) that day, up 161% from a year earlier.<\/p>\n

    Musk said the committees were set up at the request of shareholders, and that as a conflicted party he cannot join their talks.<\/p>\n

    \u201cI think some people out there assume that a SpaceX and Tesla merger is a certainty, and I think that would be overstating it,\u201d Musk said.<\/p>\n

    Read more: Cysic Suspends Bridge After Attacker Mints 10 Million Unauthorised Tokens<\/strong><\/p>\n

    Two Bitcoin Treasuries<\/h2>\n

    SpaceX reported holding 18,712 BTC at 30 June, bought at a cost of US$661 million (AU$939 million), in its first quarterly filing after its June stock market debut. Its third-quarter results valued those digital assets at US$1.573 billion (AU$2.23 billion) on 30 September.<\/p>\n

    Tesla\u2019s digital assets, mostly its 11,509 BTC bought for US$386 million (AU$548 million), were carried at US$962 million (AU$1.37 billion) on the same date. The carmaker bought US$1.5 billion (AU$2.13 billion) of Bitcoin in 2021 and sold 75% of what was left a year later.<\/p>\n

    BitcoinTreasuries puts the combined holdings at 30,221 BTC, worth US$2.54 billion (AU$3.61 billion) at the end of September. Neither company bought or sold Bitcoin in the quarter, according to the tracker. Together they would rank sixth among listed companies, behind MARA Holdings.<\/p>\n

    A High Bar for Tesla Holders<\/h2>\n

    Dan Ives of Yorkville Ives & Co. told CBS News a merged company would likely be valued close to US$5 trillion (AU$7.1 trillion). CBS put SpaceX\u2019s value at US$1.98 trillion (AU$2.81 trillion) and Tesla\u2019s market capitalisation at about US$1.5 trillion (AU$2.13 trillion). Ives said Tesla holders would want a premium, with a price of US$500 (AU$710) to US$550 (AU$781) a share.<\/p>\n

    Tesla shares rose 3.8% to US$387.72 (AU$550.56) in morning trading on 21 October, CBS reported. SpaceX shares gained 9.9% to US$162.41 (AU$230.62).<\/p>\n

    Musk said a deal would need the support of 50% of all Tesla shares, not just those cast. Tesla\u2019s annual meeting is set for 3 December, and its proxy statement lists three proposals, none of them a merger.<\/p>\n

    Read more: Bitcoin ETFs Lose Nearly US$1 Billion in Two Weeks as Inflation Fears Persist<\/strong><\/p>\n<\/p><\/div>\n

    Elon Musk,SpaceX,Tesla#Musk #Floats #US5 #Trillion #TeslaSpaceX #Merger #Unite #Bitcoin1792653468<\/p>\n","protected":false},"excerpt":{"rendered":"

    Elon Musk said on 20 October that Tesla and SpaceX have each formed a committee of independent directors to consider a merger, with no terms agreed. BitcoinTreasuries puts the two companies\u2019 combined holdings at 30,221 BTC, worth US$2.54 billion (AU$3.61 billion) at 30 September. Analyst Dan Ives estimates a merged company would be valued close<\/p>\n","protected":false},"author":1,"featured_media":14783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,1834,5907,2537,7527,528,3683,7530],"class_list":["post-14782","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-floats","tag-merger","tag-musk","tag-teslaspacex","tag-trillion","tag-unite","tag-us5"],"yoast_head":"\nMusk Floats US$5 Trillion Tesla\u2013SpaceX Merger That Could Unite 30,000 Bitcoin - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14782\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Musk Floats US$5 Trillion Tesla\u2013SpaceX Merger That Could Unite 30,000 Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Elon Musk said on 20 October that Tesla and SpaceX have each formed a committee of independent directors to consider a merger, with no terms agreed. 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