Elon Musk could soon oversee one of the largest corporate bitcoin holdings if Tesla and SpaceX move forward with a potential merger, according to reports citing internal discussions.

CNBC reported that Musk has floated the idea of combining the electric vehicle maker with the aerospace firm, a step that would further unify his expanding technology empire. People familiar with the matter said the possibility has been discussed among senior figures, while some Tesla employees view a merger as an eventual outcome given the increasing collaboration between the companies.

That collaboration has intensified in recent years, particularly in areas such as energy infrastructure and high-performance computing tied to artificial intelligence. Bringing the two firms together could help streamline operations and consolidate resources across these shared priorities.

A merger would also significantly boost the scale of their bitcoin exposure. Tesla holds 11,509 bitcoin and SpaceX owns 18,712 bitcoin, according to publicly available data. Combined, the companies would control 30,221 bitcoin, worth roughly $3.3 billion at current prices.

This would place the merged entity among the top corporate holders of bitcoin globally, ranking fifth behind a small group of industry leaders.

Separately, SpaceX is said to be preparing for a public market debut, following a reported $1.25 trillion private valuation earlier this year after its combination with Musk’s artificial intelligence venture, xAI.

A deal between Tesla and SpaceX would deepen integration across Musk’s portfolio, spanning electric vehicles, space exploration, AI and digital infrastructure.

Neither company has confirmed that a merger is planned.

Tesla first revealed its bitcoin investment in 2021 and briefly allowed customers to pay for vehicles using the cryptocurrency before halting the option due to environmental concerns related to mining. Musk remains a key voice in the crypto space, with his public statements often influencing market sentiment.