Elon Musk could potentially rank among the top five corporate bitcoin holders if Tesla and SpaceX merge, according to reports regarding ongoing internal discussions about the companies combining.

CNBC reported Tuesday that Musk is discussing a merger between Tesla and SpaceX that would tie his tech empire closer together and instantly create the world’s fifth-largest corporate bitcoin treasury, worth $3.3 billion.

By Helene Braun|Edited by Nikhilesh De May 27, 2026, 6:04 p.m. 2 min readMake preferred on

Elon Musk (Win McNamee/Getty Images)

Key Points:

  • Musk is looking into a possible merger of Tesla and SpaceX, which would enhance operational synergy in sectors like power infrastructure and AI-related computing.
  • A merger would lead to the combined entity holding about 30,221 bitcoin, valued at approximately $3.3 billion, making it the fifth-largest publicly traded corporate bitcoin holder.
  • The discussions coincide with SpaceX's plans to begin trading on Nasdaq following its merger with Musk’s AI enterprise, xAI, although neither company has confirmed merger intentions publicly.

If the merger materializes, Musk would control a substantial corporate bitcoin asset in public markets, as reports suggest that the talks are advancing internally.

According to CNBC, Musk has been in discussions with team members about merging Tesla and SpaceX, with sources indicating that many Tesla employees have anticipated such an event and frequently discuss it among themselves.

Another insider noted that the increasing overlap between Tesla and SpaceX, particularly regarding power infrastructure and AI computing constraints, has fostered greater collaboration between the two firms.

This merger would also result in one of the largest corporate bitcoin reserves globally.

Currently, Tesla holds 11,509 bitcoin, while SpaceX reportedly possesses 18,712 bitcoin, based on public disclosures and blockchain records. Together, they would control around 30,221 bitcoin valued at roughly $3.3 billion at current market rates.

This total would position the merged entity as the fifth-largest public corporate bitcoin holder worldwide.

The combined bitcoin holdings would only be surpassed by Michael Saylor’s Strategy (MSTR), the bitcoin investment firm Twenty One Capital (XXI), Jack Mallers’ bitcoin-focused venture, and bitcoin mining companies Metaplanet and Marathon Digital Holdings (MARA).

Additionally, SpaceX is set to begin trading on Nasdaq next month after achieving a private market valuation of approximately $1.25 trillion earlier this year due to its merger with Musk’s AI company, xAI.

A merger between Tesla and SpaceX would further solidify Musk’s expanding network of interconnected technology enterprises covering electric vehicles, aerospace, artificial intelligence, payment systems, and communications infrastructure.

As of now, neither Tesla nor SpaceX has made any public announcements regarding merger plans.

Tesla first revealed its bitcoin acquisitions in 2021 and briefly accepted bitcoin for vehicle sales before halting this option due to environmental issues linked to bitcoin mining. Musk has remained a significant influence in cryptocurrency markets, often affecting prices through his remarks on bitcoin and dogecoin (DOGE).

Elon MuskSpaceX