Tesla, SpaceX Would Hold More Than 30,000 Bitcoin if Merger Proceeds
Summary
- Tesla and SpaceX's combined Bitcoin holdings totaled 30,221.
- If the two companies merge, they would become the world's sixth-largest publicly listed corporate Bitcoin holder.
- SpaceX's third-quarter results beat market expectations, and its stock price rose about 9% in premarket trading.
Forecast Trend Report by Period
Tesla and SpaceX would hold more than 30,000 Bitcoin combined if the two companies merge.
CoinDesk reported on October 21 that Tesla holds 11,509 Bitcoin and SpaceX holds 18,712. Their combined holdings total 30,221 Bitcoin.
Elon Musk, Tesla's chief executive officer, said on October 20 during SpaceX's third-quarter earnings conference call that both companies had formed special committees of independent directors to review a merger. If completed, the combined company would become the world's sixth-largest publicly listed corporate Bitcoin holder.
Separately, SpaceX reported third-quarter revenue of $14.58 billion, above the market forecast of $12.7 billion. Earnings per share came in at 35 cents, topping expectations of 15 cents.
SpaceX shares were up about 9% at $161 in U.S. premarket trading that day.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul