SpaceX and Tesla Explore Merger to Form $3.5 Trillion Tech and Bitcoin Powerhouse

SpaceX and Tesla are evaluating a potential merger that could value the combined company at roughly $3.5 trillion. Speaking on SpaceX's third-quarter earnings call, Elon Musk confirmed that independent special committees at both companies are reviewing the proposal. A deal would consolidate 30,221 Bitcoin into a single corporate treasury—combining SpaceX's 18,712 BTC and Tesla's 11,509 BTC—making it the sixth-largest public corporate Bitcoin treasury globally. The potential transaction faces significant hurdles, including approval from over 50% of outstanding Tesla shares, though the announcement lifted SpaceX shares 9% in premarket trading.