According to @garyblack00, a TSLA and SpaceX merger would require issuing roughly 35% new TSLA shares to absorb about $800B of SpaceX equity into a combined ~$2.3T company given TSLA at ~200x PE and SpaceX at ~400x, resulting in about $8B adjusted net income with TSLA at ~$6B and SpaceX at ~$2B. He adds that roughly 25% of combined profits would come from space travel and communications, which he believes many TSLA institutional holders would reject and sell into, absent large cost or revenue synergies for TSLA. He notes the industrial logic is weak because it mainly lets TSLA fund SpaceX’s negative cash flows, which he argues is not TSLA shareholders’ responsibility, and he points out TSLA has lagged the Nasdaq 100 over one year (+12% vs +20%) and five years (+48% vs +90%), reinforcing his view that added uncertainty could pressure the stock. Source: @garyblack00 on X.

According to the source, Trump Media shares surged on a headline about a planned $6 billion merger with a fusion power firm, driving heavy trading interest and upside momentum in the stock (source: the source). According to the source, the report did not reference any cryptocurrencies, so the immediate connection to the digital-asset market remains unspecified for crypto-focused traders (source: the source).

According to @business, newly formed Strive agreed to acquire Semler Scientific in a deal that combines two publicly traded Bitcoin treasury companies. @business reported that the transaction merges their BTC treasuries under one publicly traded entity, consolidating Bitcoin balance-sheet exposure within this equity segment.

According to MistTrack, eXch is implementing significant changes, including a merger with a company in another jurisdiction and updates to their Terms of Service to caution U.S. users. The exchange will delist USDT and USDC stablecoins, opting instead for DAI. Additionally, they are moving towards using dynamic and one-time addresses to enhance user privacy. These changes could impact trading strategies, especially for users relying on USDT and USDC. Source: MistTrack (@MistTrack_io).