Tesla’s Bitcoin Gain Was All Price – SpaceX Talks Begin

On October 21, Tesla’s third-quarter 2026 update valued its digital assets at $962 million on September 30, up from $674 million at the end of June. The $288 million increase was an unrealized gain under fair-value accounting, implying no meaningful net Bitcoin trading and leaving its June-listed 11,509 BTC unchanged. SpaceX, now trading on Nasdaq, reported $1.573 billion in digital assets, matching the 18,712 BTC in its June filing. Elon Musk said both boards formed independent-director committees at shareholders’ request and excluded him from merger talks as conflicted; no terms are agreed. Their combined 30,221 BTC would rank about sixth among public companies at roughly $2.535 billion.