Musk Backs SpaceX-Tesla Merger Idea as Combined Bitcoin Holdings Would Top 30,000 BTC

TLDR Elon Musk said a merger between Tesla and SpaceX would be a “good idea” during SpaceX’s third-quarter earnings call. Both companies have formed special committees of independent directors to review the idea, but no terms have been agreed. SpaceX revenue rose 161% to $14.6 billion in the third quarter, led by its AI segment. SpaceX’s “Super Intelligence” segment brought in $7.6 billion, up 830% from a year earlier. A combined company would hold 30,221 Bitcoin, making it the sixth-largest public Bitcoin treasury company. Elon Musk said he supports the idea of merging Tesla with SpaceX.