Tesla–SpaceX merger talks could put 30,221 Bitcoin under one roof

Elon Musk confirmed that Tesla and SpaceX are exploring a merger that could combine their existing Bitcoin holdings under one company. Speaking during SpaceX's Oct. 20 earnings call, Musk said both companies had established special committees of independent directors to evaluate a potential combination. Musk described the merger as a good idea but said he would not participate in negotiations because of his ownership interests in both businesses. He also cautioned that the committees had not yet agreed on transaction terms and might never reach an agreement. The potential deal would combine SpaceX's aerospace, satellite communications and AI operations with Tesla's electric vehicles, autonomous driving technology and humanoid robotics business. Musk highlighted opportunities to integrate their AI infrastructure, chip development and manufacturing capabilities, including the jointly developed Terafab semiconductor project.

First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.