Bloomberg says SpaceX and Tesla have gotten as far as discussing terms in their merger talks. An announcement could come as soon as December, or drag into early next year. Together, the two companies are worth about $3.45 trillion. AI, rockets, self-driving cars, humanoid robots—all rolled into one company. Good grief, if the deal goes through, it’ll be the biggest ever.
The crypto crowd is looking at another set of numbers: SpaceX holds 18,712 bitcoins, and Tesla holds 11,509. After a merger, that would put 30,221 bitcoins on a single balance sheet, worth about $2.1 billion at current prices. To be clear, the merger itself wouldn’t require buying a single extra coin; it would simply combine what the two companies already have. That’s just 0.06% of the merged company’s market cap.
The sticking points are pretty real, too: how to keep Tesla’s factories in China separate from SpaceX’s U.S. defense business. Both boards are still hashing things out, and they haven’t even settled on a stock-swap ratio. We’ll see if the deal goes through—but bitcoin won’t wait around.
The crypto crowd is looking at another set of numbers: SpaceX holds 18,712 bitcoins, and Tesla holds 11,509. After a merger, that would put 30,221 bitcoins on a single balance sheet, worth about $2.1 billion at current prices. To be clear, the merger itself wouldn’t require buying a single extra coin; it would simply combine what the two companies already have. That’s just 0.06% of the merged company’s market cap.
The sticking points are pretty real, too: how to keep Tesla’s factories in China separate from SpaceX’s U.S. defense business. Both boards are still hashing things out, and they haven’t even settled on a stock-swap ratio. We’ll see if the deal goes through—but bitcoin won’t wait around.