Musk's SpaceX and Tesla Hold Over 30,000 BTC Combined, Filing Shows
A CNBC report suggests Elon Musk aims to merge SpaceX and Tesla as the former's IPO approaches. New filings reveal the two firms collectively hold over 30,221 Bitcoin, valued at approximately $2.27 billion. This combined holding would rank the merged entity fifth among publicly traded Bitcoin treasuries. SpaceX's IPO filing disclosed 18,712 BTC, acquired for $661 million and held since at least 2024. Tesla's latest 10-Q shows 11,509 BTC. The potential merger follows Musk's pattern of combining his companies, such as X with xAI and xAI with SpaceX. The move would consolidate Musk's influence in the crypto space, though he has historically been more vocal about Dogecoin. SpaceX seeks a valuation of $1.75 trillion in its IPO, which would be the largest in history. Bitcoin traded at $75,021, down 1.3% in 24 hours and over 40% below its all-time high.
Key facts
- SpaceX and Tesla hold 30,221 BTC worth $2.27 billion.
- Combined holdings would rank #5 among public Bitcoin treasuries.
- SpaceX disclosed 18,712 BTC in its IPO filing.
- Tesla holds 11,509 BTC per its latest 10-Q filing.
- Bitcoin down 1.3% to $75,021, 40% below all-time high.