Elon Musk said the boards of SpaceX and Tesla had formed committees of independent directors to consider a merger, but cautioned that a deal was not “a certainty.” If the companies merged, their reported holdings of 18,712 BTC and 11,509 BTC would sit on one balance sheet—a combined 30,221 BTC worth roughly $2.5 billion at the price cited in the excerpt.
Neither company has signaled plans to buy or sell Bitcoin. SpaceX disclosed its holdings in a filing ahead of its June IPO; the excerpt does not give a year for that filing or a calendar date for Musk’s remarks.
