Tesla-SpaceX Merger Review Would Lift Combined Bitcoin Holdings Above 30,000
Summary
- Tesla and SpaceX's combined Bitcoin holdings totaled 30,221 BTC.
- The companies are reviewing a merger, and if completed, they would become the world's sixth-largest publicly listed Bitcoin holder.
- SpaceX's third-quarter revenue and EPS beat market expectations, while its shares rose about 9% in premarket trading.
Forecast Trend Report by Period
Tesla and SpaceX would hold more than 30,000 Bitcoin combined if the companies merge, CoinDesk reported on October 21.
Tesla holds 11,509 Bitcoin, while SpaceX holds 18,712 Bitcoin. Their combined holdings total 30,221 Bitcoin.
On October 20, Tesla Chief Executive Officer Elon Musk said on SpaceX's third-quarter earnings conference call that both companies had set up special committees of independent directors to review a merger. If the deal is completed, the combined company would rank as the world's sixth-largest publicly listed corporate holder of Bitcoin.
Meanwhile, SpaceX reported third-quarter revenue of $14.58 billion, topping the market forecast of $12.7 billion. Earnings per share came in at 35 cents, beating expectations of 15 cents.
SpaceX shares rose about 9% to $161 in U.S. premarket trading that day.
