Proposed Tesla-SpaceX Merger Would Combine $2.27B Bitcoin Holdings
TSLA•Elon Musk's proposed merger of SpaceX and Tesla would unite 18,712 BTC (valued at $1.45B) and Tesla's 11,509 BTC (worth $862M), creating a combined Bitcoin treasury of 30,221 coins (~$2.27B) ranking fifth among public firms. Tesla also logged 6% YoY delivery growth in Europe last month.
1. Merger Discussions
Elon Musk has explored combining Tesla and SpaceX into a single corporate entity to leverage shared resources and governance under his control. Discussions include potential integration of operations and consolidation of strategic assets.
2. Combined Bitcoin Holdings
Tesla holds 11,509 BTC valued at approximately $862 million while SpaceX’s IPO filing reveals 18,712 BTC worth about $1.45 billion. A merged firm would control 30,221 BTC (around $2.27 billion), ranking fifth among publicly traded companies.
3. Potential Valuation and Impact
SpaceX's IPO aims for a $1.75 trillion valuation, which alongside a substantial Bitcoin treasury could significantly strengthen the merged company's balance sheet and market appeal.
4. European Delivery Growth
Tesla delivered 6% more vehicles year-over-year in Europe last month, indicating sustained regional demand that could benefit from any strategic shift resulting from the merger.
