Elon Musk Could Become a Top 5 Corporate Bitcoin Holder if Tesla and SpaceX Merge

Elon Musk could soon control one of the biggest corporate Bitcoin holdings if reported discussions about a Tesla and SpaceX merger move forward. According to reports, Musk has been discussing the possibility of combining the two companies, a move that would deepen ties across his technology businesses and create a major Bitcoin treasury.

If Tesla and SpaceX merge, the combined company would hold around 30,221 Bitcoin worth nearly $3.3 billion at current market prices. That amount would instantly make the business the world’s fifth largest publicly traded corporate Bitcoin holder.

Tesla currently owns 11,509 Bitcoin, while SpaceX holds 18,712 Bitcoin, based on public disclosures and blockchain treasury tracking data.

Bitcoin Holdings Would Rank Behind Major Corporate Players

A combined Tesla-SpaceX entity would trail only a handful of major Bitcoin treasury companies. These include Michael Saylor’s Strategy, Bitcoin investment firm Twenty One Capital, Jack Mallers’ Bitcoin-focused venture, and mining companies Metaplanet and Marathon Digital Holdings.

Reports said many Tesla employees have long believed a merger between the companies was possible. A source familiar with internal discussions also pointed to growing overlap between Tesla and SpaceX, especially in power infrastructure and computing needs linked to artificial intelligence.

SpaceX Nasdaq Plans and xAI Link Add to Speculation

The merger talks come as SpaceX is expected to begin trading on Nasdaq next month after merging with Musk’s artificial intelligence company xAI. Earlier this year, the business reportedly reached a private market valuation of around $1.25 trillion.

Neither Tesla nor SpaceX has officially confirmed merger discussions.

Tesla first revealed its Bitcoin investment in 2021 and briefly accepted Bitcoin payments for vehicles before stopping the option because of environmental concerns tied to crypto mining. Musk has remained one of the most influential figures in crypto markets, with his comments on Bitcoin and Dogecoin often affecting prices.