Key Takeaways
- Internal sources suggest Elon Musk is evaluating a potential merger between Tesla and SpaceX, per CNBC reporting.
- Tesla maintains approximately 11,509 BTC while SpaceX controls 18,712 BTC — totaling 30,221 bitcoin valued at approximately $3.3 billion.
- Such a combination would position the entity as the world’s fifth-largest publicly-known corporate bitcoin treasury.
- SpaceX submitted an S-1 registration document to the SEC in preparation for its anticipated Nasdaq listing, carrying a private market valuation near $1.25 trillion.
- The IPO documentation disclosed SpaceX’s bitcoin position exceeds previous analyst projections by more than twofold.
Discussions regarding a possible combination of Tesla and SpaceX could result in the formation of one of the world’s most substantial corporate bitcoin reserves, based on recent reports of conversations within both organizations.
On May 27, 2026, CNBC revealed that Elon Musk has engaged in conversations about consolidating Tesla and SpaceX into a single entity, according to individuals with knowledge of these discussions. Tesla staff members indicate that such a merger has been anticipated internally for a considerable period.
The increasing convergence between both enterprises — particularly in areas involving energy infrastructure and AI computational capabilities — has reportedly strengthened cooperative efforts between the organizations.
What Would the Consolidated Bitcoin Position Look Like?
Tesla presently maintains a position of 11,509 bitcoin. SpaceX controls 18,712 bitcoin, based on official disclosures and on-chain monitoring information.
Together, these holdings would total 30,221 bitcoin, representing a market value of approximately $3.3 billion based on present pricing.
This consolidated position would establish the merged organization as the fifth-largest publicly recognized corporate bitcoin treasury globally. The entity would rank behind only Strategy, Twenty One Capital, Metaplanet, and Marathon Digital Holdings.
SpaceX’s bitcoin accumulation proved significantly larger than market observers had previously calculated. The firm’s S-1 documentation filed with the SEC disclosed holdings of slightly above 18,700 bitcoin with a fair market value approaching $1.3 billion, purchased at an average entry price of roughly $35,000 per coin.
This revealed figure exceeds by more than double the approximately 8,300 bitcoin that blockchain intelligence provider Arkham had previously attributed to SpaceX.
SpaceX Public Offering Strategy and Financial Position
SpaceX is positioning itself for a public market debut on the Nasdaq potentially as soon as the coming month. The organization submitted an S-1 registration with the SEC subsequent to a combination with Musk’s AI venture, xAI.
SpaceX achieved a private market valuation of approximately $1.25 trillion during earlier transactions this year. The firm is reportedly seeking a public market valuation reaching $2 trillion for its listing, with objectives to secure roughly $75 billion in capital.
The S-1 documentation revealed first-quarter revenues of $4.7 billion alongside a net deficit of $4.3 billion. Starlink, the firm’s satellite-based internet service, is characterized as its principal source of profitability and expansion.
SpaceX estimates its total addressable market opportunity at approximately $28.5 trillion.
Binance has additionally introduced pre-IPO perpetual futures instruments linked to SpaceX, enabling market participants to take positions on the company’s valuation prior to public share availability.
Tesla initially acquired bitcoin during 2021 and temporarily enabled it as a vehicle payment method. The automaker subsequently paused this functionality citing environmental considerations related to bitcoin network energy consumption.
Neither Tesla nor SpaceX has formally acknowledged any merger proposals.
Musk maintains a significant presence in cryptocurrency markets, although his public statements regarding bitcoin have decreased in frequency during recent years. He continues supporting bitcoin and dogecoin, and has expressed criticism toward the U.S. dollar, characterizing it as “hopeless.”
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