Wall Street Begins to Anticipate SpaceX Tesla Merger
June 18 — (via The New York Times) After SpaceX’s successful IPO, Wall Street is starting to bet big on a potential merger between the aerospace firm and Tesla. Investors, analysts, and even a senior SpaceX executive have been weighing the benefits of the deal across social media, research reports, and TV interviews, noting the two companies have long shared executives and resources while collaborating on multi-billion-dollar projects.
In a post-IPO CNBC interview, SpaceX President Gwynne Shotwell suggested the merger “might make Musk’s life a little easier,” adding it would drive synergies in areas like AI, energy, and robotics.
Legal experts flag a key risk: the deal would amount to Musk “doing a deal with himself,” which could spur shareholder lawsuits alleging harm to minority interests. Still, they say Texas law makes such challenges unlikely to succeed—both firms are registered in the Lone Star State, where corporate rules make it hard to overturn management decisions. Musk’s a
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The initial jobless claims in the United States for the week ending on June 13th were 226,000, slightly higher than expected.
June 18: U.S. initial jobless claims for the week ended June 13 came in at 226,000, right in line with the consensus forecast of 225,000. The prior week’s claims figure was revised upward from 229,000 to 230,000.
Separately, the June Philadelphia Fed Manufacturing Index hit 10.3, beating economist expectations of 10 and rising sharply from the previous month’s reading of -0.4.
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Musk Evaluates "When Will China's Large-scale Model Catch Up to Fable Level": Possibly in Q1 of Next Year
On June 18, a social media user asked online: "When will China’s large-scale models reach the level of Anthropic’s Fable? Zhiku’s GLM-5.2 has undoubtedly narrowed this gap." Tesla CEO Musk replied: "Possibly in Q1 (2027)." On June 15, Zhiku officially announced the launch and open-sourcing of its next-generation flagship large-scale model, GLM-5.2.
Several AI industry insiders believe Musk’s prediction is relatively conservative, noting the capability gap between Chinese and American models could be less than seven months. Demis Hassabis, CEO of Google DeepMind, has also stated that Chinese AI models may only lag behind overseas counterparts by "a few months" in overall capabilities.
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HIVE Digital, a subsidiary of a Bitcoin mining firm, has secured a $220 million GPU cloud contract.
On June 18, Bitcoin mining firm HIVE Digital announced that its fully owned subsidiary BUZZ HPC has entered into a sovereign AI infrastructure partnership with Bell Canada and Cohere. The three parties signed a three-year GPU cloud contract totaling $220 million, as disclosed in the announcement. Separately, BUZZ HPC will procure a GB200 NVL72 rack-level system consisting of 2,304 NVIDIA Grace Blackwell GPUs. This AI cluster will provide computing power support for Cohere’s foundational models and enterprise AI applications.
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Trust Wallet is excited to announce the SPCXB Trading Battle, with a prize pool of $100,000, where users can compete without any transaction fees to easily climb the leaderboard.
June 18 — Trust Wallet officially launched the $SPCXB Trading Tournament, a two-week event with a total prize pool of $100,000. Users trading SPCXB (SpaceX’s bStock tokenized U.S. stock) through Trust Wallet will enjoy perks like zero trading fees, zero gas fees, and eligibility to split the $100k reward pool.
SPCXB is a tokenized security issued by bStocks, with every unit fully backed 1:1 by actual SpaceX stock held by a regulated custodian. Holders of SPCXB can trade it 24/7, track SpaceX’s stock price fluctuations, claim dividend distributions, and access the full DeFi ecosystem on the BNB Chain. Trust Wallet is the first wallet to support bStocks, and it already backs other popular bStocks tokens like $NVDAB and $TSLAB.
During the tournament, users accumulate trading volume by swapping $SPCXB; hitting at least $500 in volume qualifies them for rewards. The top 200 users on the leaderboard will earn fixed, substantial prizes—with the highest individual reward standing at $6,000.
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