A potential merger between SpaceX and Tesla could position Elon Musk, the world’s richest man, in control of more than 30,221 Bitcoin, valued at approximately $2.27 billion. This combination would elevate the merged entity into the upper echelon of Bitcoin holders, ranking as the fifth-largest publicly traded treasury as per the latest filings.
Speculation regarding this merger has intensified, fueled by reports from CNBC indicating that Musk is exploring the idea of merging both companies. His recent endeavors include integrating social media platform X with his xAI artificial intelligence firm, and now there are discussions about incorporating xAI with SpaceX as well. According to sources familiar with the situation, the two companies have a significant overlap in resources, making the merger a practical consideration.
The disclosure of SpaceX’s Bitcoin assets came recently when the company filed for an IPO, revealing it holds 18,712 BTC, valued at over $1.4 billion. SpaceX acquired this Bitcoin for approximately $661 million and has maintained this holding since at least 2024, as noted in its SEC filing.
Additionally, the firm made its first on-chain fund movement in three years last July. It reportedly transferred around $94 million worth of Bitcoin in December, although initial data suggested it held less than 9,000 BTC at that time. The recent SEC filing contrasted this number significantly, showing the actual holding to be more than double that amount.
Tesla’s holdings complement SpaceX’s, as they currently own 11,509 BTC, valued around $862 million according to their latest 10-Q filing. Musk has advocated for Bitcoin in the past, although he disclosed in 2020 that he personally owned only about 0.25 BTC, which is now worth nearly $19,000. His more vocal interest lies with Dogecoin, a meme-based cryptocurrency that ranks as the 10th largest by market cap.
If the IPO for SpaceX comes to fruition, the Texas-based company is targeting a valuation of around $1.75 trillion, which would set a record for the largest initial public offering in history. Meanwhile, Bitcoin is currently trading down about 1.3% within the last 24 hours, recently priced at $75,021. This remains over 40% below its all-time high of $126,080, which was reached last October.
