Elon Musk is discussing a merger between Tesla and SpaceX, according to CNBC on Tuesday. The combined company would instantly hold the world's fifth-largest corporate bitcoin treasury, worth $3.3 billion.
Inside the CNBC report
The report landed Tuesday but didn't say how formal the talks are. Musk is discussing the deal himself. That's all CNBC offered on the record.
It's a thin thread to hang a merger on, but with Musk, that's often how big ideas start. The report didn't include any timeline or confirmation from Tesla or SpaceX.
The $3.3 billion stash
Tesla already carries bitcoin on its balance sheet. SpaceX has been quieter about its holdings. The $3.3 billion figure suggests both have been accumulating.
Only four companies hold more corporate bitcoin than the combined entity would. That puts the merger on the short list of the biggest crypto-holding corporations — if it goes through.
Ongoing discussions
The talks are still live. CNBC didn't say what the next step is or whether a shareholder vote would be needed. Elon Musk controls both companies tightly, but a merger of two public and private entities would take more than a conversation.
For now, the $3.3 billion treasury is just a hypothetical. It's also the first concrete number attached to a deal that, until Tuesday, wasn't public.
