Two companies under Elon Musk, Tesla and SpaceX, are exploring a potential merger, but according to him, he cannot participate in the related discussions. On October 20th, the boards of directors of Tesla and SpaceX established committees composed of independent directors to study the merger matters. Musk stated during the financial report conference call of SpaceX: "Since I am a party with a conflict of interest, I actually cannot participate in the discussions of the special committee." This news led to a surge in trading volume of Tesla: 48.9 million shares were traded the following day, which is about 41% higher than the average on the 30th.
This autumn, there are several technology sector events that crypto traders should pay attention to, ranging from potential mergers between Tesla and SpaceX, to substantial AI expenditures, to a major stablecoin issuer about to release its financial reports. For crypto traders who wish to access the traditional market while maintaining the native trading methods of cryptocurrencies, these developments are creating new trading opportunities. Global multi-asset broker and crypto asset service provider PrimeXBT has recently launched tokenized stock crypto futures linked to seven large companies, with underlying assets including Tesla, NVIDIA, and Robinhood, which can be traded alongside Bitcoin and over 170 other crypto futures.
Potential Merger
Speaking of this merger, Musk expressed his agreement to some extent. "I think there are many advantages to merging these companies," he said. However, he also noted that the two parties have not yet reached an agreement on the terms, shareholders must give their support, and the transaction is not certain.
The voting results will also be different for the two companies. Since SpaceX IPO, Musk has held more than 50% of the voting rights in that company. However, on Tesla, a transaction requires the support of 50% of all shareholders, not just those who vote, which makes it more difficult to advance the Tesla initiative. On the following trading day, the stock price of Tesla rose by 3.4%, an increase of about 13% compared to the previous month.
Traders tracking this potential merger can open positions in futures related to either one or both companies through a single account.
AI Expenses
SpaceX indicates that $35 billion to $40 billion will be spent in the next quarter, with the majority of that amount going towards AI. NVIDIA sold the chips that supported a large portion of these expenditures. The company has set its revenue guidance for the next fiscal quarter at $108 billion, compared to $96.2 billion in the previous fiscal quarter; the company will announce its financial results on November 17th.
Circle and Robinhood
Two of these seven giants have a closer connection to the crypto market than the other companies. Circle issues USDC stablecoins and will release its financial report on November 4th. Robinhood has 28.7 million customers with funded accounts and offers crypto trading in addition to stock trading. The company's management stated during the latest financial report conference call that they plan to provide 24/7 stock trading later in 2026. 24/7 trading is already common in the crypto market and is now entering the field of stock trading as well.
How do tokenized stock crypto futures on PrimeXBT work?
For crypto traders who follow these developments, PrimeXBT has newly launched a "tokenized stocks" category that allows access to price fluctuations related to companies in the form of crypto futures through the broker's PXTrader 2.0 platform. This product includes 7 contracts priced in USDT: SpaceX ( SPCX / USDT ), NVIDIA ( NVDA / USDT ), Tesla ( TSLA / USDT ), Circle ( CRCL / USDT ), Apple ( AAPL / USDT ), Alphabet ( GOOGL / USDT ), and Robinhood ( HOOD / USDT ).
Traders can use these new tools on the PXTrader 2.0 platform of PrimeXBT. The platform provides TradingView charts and over 100 indicators, as well as stop-loss and take-profit orders, and full-position or per-position margin requirements. Accounts can be held using USDT, USDC, BTC, or ETH, allowing traders to enter these markets while maintaining an original crypto trading experience.
Encryption futures trading fees start from 0.01% for market makers and 0.045% for order takers. PrimeXBT also offers a VIP program based on trading volume, with further discounts available. At the highest level VIP, the order-taking fee can be reduced to as low as 0.015%. New customers can enjoy a VIP discount of 40% for the first 14 days, including a 33% discount on order-taking fees.
As large tech companies continue to attract attention due to their financial reports, AI investments, and potential corporate transactions, PrimeXBT provides crypto traders with another way to track these developments. On this platform, they can also trade the market fluctuations that arise from these activities, and it is also the same place where they trade Bitcoin and other cryptocurrencies.
As Apple reported a 12% year-on-year increase in quarterly revenue to a record $114.5 billion in September, Circle will announce its financial results on November 4th, and NVIDIA will do so on November 17th, large tech companies remain at the center of market attention. Crypto traders who follow these companies can now use PrimeXBT to establish positions before and after the financial report releases, and they can still trade Bitcoin and other cryptocurrencies through the same platform.
Use PrimeXBT to trade encrypted futures.
About PrimeXBT
PrimeXBT is a global multi-asset broker and crypto asset service provider that enjoys the trust of traders from over 150 countries. The platform connects traditional markets with digital markets in a unified environment, redefining the diversity and innovation of online trading. Customers can trade foreign exchange, indices, commodities, stocks, cryptocurrencies, and crypto futures contracts, as well as buy, store, and exchange cryptocurrencies. This unified experience covers both the native PXTrader 2.0 platform and MetaTrader 5, and is equipped with advanced risk management tools as well as a variety of crypto, fiat, and local payment methods. Since 2018, PrimeXBT has been committed to empowering traders through extensive multi-asset access, fair and transparent conditions, professional-level technology, and dedicated customer support. By combining professional expertise, trust, and a customer-first philosophy, PrimeXBT has set an excellent standard for the financial industry and provides traders with the tools they need to trade confidently, grow, and succeed.
