Elon Musk’s Proposed Tesla-SpaceX Merger Would Forge a Bitcoin Powerhouse
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Elon Musk has publicly endorsed a potential merger between Tesla and SpaceX, a combination that would consolidate 30,221 BTC worth approximately $2.54 billion. During SpaceX’s third-quarter earnings call, Musk acknowledged serious shareholder hurdles while outlining the advantages of joining his companies. Meanwhile, another question persists: Why hasn’t Tesla resumed bitcoin payments after mining apparently cleared Musk’s original clean-energy benchmark? Elon Musk wants to bring two of his biggest corporate powerhouses together, and there’s a $2.54 billion bitcoin fortune riding along. During SpaceX’s third-quarter earnings call on Tuesday, the near-trillionaire confirmed that independent directors at SpaceX and Tesla are exploring a potential merger. The Tesla boss and X owner likes the idea, but the road to a deal is anything but straightforward.
First reported by Bitcoin.com News. This page is a short excerpt; the full text is theirs.
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