SpaceX and Tesla have formed independent board committees to examine a possible merger, Elon Musk confirmed during SpaceX’s October 20 earnings call. Musk said the committees have not agreed on any terms and a transaction is not guaranteed. He is not participating in their discussions because of his interests in both companies. A deal would also require shareholder approval.

The potential combination has a notable $BTC treasury dimension. BitcoinTreasuries lists 18,712 BTC for #SpaceX and 11,509 BTC for #Tesla, a combined 30,221 BTC based on its published records. Those entries carry different historical reporting dates, so the figure should not be treated as a newly audited combined balance.

No merger has been announced, no bitcoin transfer has been confirmed and no change in treasury policy has been disclosed. The current development is a formal review of a possible corporate transaction, not an acquisition of additional BTC