Musk's SpaceX and xAI Merger Revamps Bitcoin Calculations

Big Move from Elon Musk

Elon Musk is merging his company SpaceX with his artificial intelligence initiative xAI to create a potential trillion-dollar technology giant. This merger brings SpaceX's significant Bitcoin holdings back into the spotlight. Additionally, it ensures a focus on Bitcoin calculations ahead of a potential initial public offering (IPO).

SpaceX holds approximately 8,300 Bitcoin, valued at about 650 million dollars. While this amount may seem minor compared to the company's overall valuation, it is a significant figure in terms of future accounting, disclosure, and investor perception. This situation increases Elon Musk's exposure to cryptocurrency across his businesses. The energy company Tesla stands out as one of the largest publicly traded holders of digital assets.