# SpaceX, Tesla Merger Review Could Combine 30,221 Bitcoin

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/37175
Published: 2026-10-21T23:41:11.000Z
Updated: 2026-10-21T23:41:11.000Z
Section: Business

> The companies had not agreed on transaction terms as of Oct. 20. The BTC total combines separate June 30 disclosures.

SpaceX and Tesla have formed independent-director committees to consider a possible merger, a process that could combine 30,221 Bitcoin (BTC) disclosed by the companies as of June 30.

Elon Musk, CEO of SpaceX and Tesla, said during SpaceX’s third-quarter webcast Oct. 20 at 4:30 p.m. ET (20:30 UTC) that directors at both companies had formed committees to review a possible deal. The committees had not agreed on transaction terms. Musk said he was excluded from their discussions because he was a conflicted party.

“Some people out there assume that a SpaceX and Tesla merger is a certainty, and I think that would be overstating it,” Musk said.

As of June 30, SpaceX held 18,712 BTC, while Tesla held 11,509 BTC, acquired for $386 million. Added together, the disclosed positions equal 30,221 BTC, a combined total neither company stated as its own figure.

As of Sept. 30, SpaceX’s digital assets were valued at $1.573 billion and Tesla’s at $962 million. Neither update gave an updated BTC count.