Membangun raksasa super senilai 3 triliun dolar? Konon Elon Musk bermaksud menggabungkan Tesla dan SpaceX, jika berhasil entitas baru akan memiliki 30.000 BTC

Musk's "Ultimate Business Empire" is about to take shape? According to CNBC, Musk is actively evaluating a historic merger between Tesla and the upcoming IPO of SpaceX. With SpaceX's recent successful integration of xAI, sharing of AI computing power, engineering talent, and materials between the two giants has become routine. Wall Street analysts are optimistic about an 80% chance of merger, believing this will create a "super tech conglomerate" spanning autonomous vehicles, aerospace, robotics, and Starlink. Additionally, the merged entity will hold approximately 30,000 Bitcoins, directly entering the top five global corporate Bitcoin holders.
（Background summary: SpaceX to go public IPO, Musk challenges the world's first "trillion-dollar billionaire" Muskonomy ecosystem taking shape）
（Additional background: Musk's close friend Antonio Gracias becomes the biggest winner in SpaceX IPO! His net worth may surge by hundreds of billions, but behind it lurks $20 billion in related-party transactions）

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• Resource overlap, AI and computing power as merger catalysts
• Wall Street optimistic: new group will hold 30,000 Bitcoins
• Potential obstacles to the century-old union: valuation swaps and geopolitical issues

Elon Musk's ultimate business empire puzzle seems to be迎來最震撼的變局。

According to the latest CNBC report on May 27, 2026, Musk is in close discussions with insiders, considering a "fold" merger of his two most representative companies — the electric vehicle giant Tesla and space exploration company SpaceX.

This news has long been a hot topic within Tesla, and with the market highly anticipating SpaceX's imminent listing on NASDAQ (expected stock code SPCX), the discussion of this historic merger is heating up rapidly.

Resource overlap, AI and computing power as merger catalysts

Why merge? From a business logic perspective, these two companies have already demonstrated extremely high "synergy effects" behind the scenes.

Currently, Tesla and SpaceX not only share engineering talent deeply (such as vice presidents of materials engineering), but also have close business exchanges: SpaceX heavily purchases Tesla's Megapack energy storage devices and Cybertruck, while Tesla uses SpaceX's proprietary alloy materials. More critically, both companies are facing huge "artificial intelligence (AI) and computing power" demands:

• AI capital expenditure astonishing: SpaceX allocated over 75% of its capital expenditure in Q1 to AI; Tesla's capital expenditure this year is expected to surpass $25 billion.
• xAI boost: SpaceX recently completed a merger with Musk's AI startup xAI. If integrated with Tesla, this would perfectly consolidate computing power, data, and technical resources, greatly simplifying management layers.

Wall Street optimistic: new group will hold 30,000 Bitcoins

Wedbush analyst Dan Ives expressed optimism, estimating that after SpaceX completes its IPO, the merger probability between the two companies is as high as 80%.

If the plan materializes, it will give birth to an "invincible tech giant" spanning AI, humanoid robots, space aerospace, and Starlink network. Notably, the new company will directly inherit the digital assets of both sides, totaling about 30,000 Bitcoins (BTC), leaping into the top five global corporate Bitcoin holders.

Potential obstacles to the century-old union: valuation swaps and geopolitical issues

Despite the grand vision, bringing two trillion-dollar market cap giants into one cage still faces extremely complex challenges:

2. Sky-high valuation swap issues: Tesla's current market cap is about $1.6 trillion, while SpaceX's IPO valuation is expected between $1.25 trillion and $1.75 trillion. How to calculate the share swap ratio? Who is the "surviving company"? This will be a major hurdle in financial restructuring.
3. Minority shareholder resistance: Some investors, including Ron Baron, are cautious, worried that such operations could trigger "self-dealing" conflicts of interest and legal disputes.
4. Severe geopolitical scrutiny: SpaceX holds top-secret contracts with NASA and the U.S. Department of Defense; Tesla relies heavily on Chinese supply chains and consumer markets. The merger will inevitably trigger sensitivities among U.S. national security and antitrust regulators.

Currently, the plan remains at high-level discussions, and Musk has not publicly confirmed it. But this strategic vision, perfectly fitting his "multi-thread" mad style, has already filled Wall Street and the global tech scene with limitless imagination.