Elon Musk’s Proposed Tesla-SpaceX Merger Would Forge a Bitcoin Powerhouse

Elon Musk publicly endorsed a potential Tesla-SpaceX merger, which would consolidate roughly 30,221 BTC worth about $2.54 billion across the two companies. Musk acknowledged serious shareholder hurdles during SpaceX's third-quarter earnings call while outlining the benefits of combining his firms. Traders may read the consolidation of a large corporate bitcoin treasury as a confidence signal, though the deal is speculative and far from approved.