The ticker symbol "X" is available for use, Bloomberg Technology reported, adding to speculation about a Tesla-SpaceX merger. Special committees at both companies are evaluating a deal, but no terms are agreed. Prediction markets price a 19% chance of an announcement by December 31.
The ticker symbol "X" is available for use, Bloomberg Technology reported, and the report has intensified speculation about a merger between Tesla and SpaceX. Elon Musk leads both companies.
Special committees from Tesla and SpaceX have been formed to evaluate a potential merger. However, no definitive terms have been agreed upon, and shareholder approval would still be necessary.
The availability of "X" carries symbolic weight because Musk owns the platform formerly known as Twitter, now rebranded as X. According to Crypto Briefing, it appears consistent with serious discussions about a merger and with Musk's penchant for the letter in his branding.
Prediction markets reflect the shift. Odds of a merger announcement by December 31 have risen to 19%. Longer-dated contracts price higher: 24% for February 1 2027, 38% for March 1 2027, 59% for July 1 2027 and 70% for January 1 2028.
Next, market participants will watch for official statements from Tesla or SpaceX, and further communication from Musk or regulatory filings could provide clarity on the companies' plans.
Source: Crypto Briefing
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