Musk Floats US$5 Trillion Tesla–SpaceX Merger That Could Unite 30,000 Bitcoin

Elon Musk said Tesla and SpaceX have each formed a committee of independent directors to weigh a merger, a deal that would put both companies’ Bitcoin on one balance sheet. Musk disclosed the committees on SpaceX’s third-quarter earnings call on 20 October. SpaceX had reported quarterly revenue of US$14.6 billion (AU$20.73 billion) that day, up 161% from a year earlier. Musk said the committees were set up at the request of shareholders, and that as a conflicted party he cannot join their talks.