News linked to both this project and an event.
Analysts at BNP Paribas expressed skepticism about the near-term possibility of a merger between Tesla and SpaceX, stating: "The significant cash burn at both companies and substantial regulatory risks complicate any potential merger between SpaceX and Tesla." Tesla investor sentiment, which has improved due to merger speculation, may be overly optimistic. The bank maintains its "underperform" rating and $280 price target. "We are concerned that Tesla will face formidable KPIs in its robotaxi and Optimus businesses over the next two years, posing downside risks to its core business before any SpaceX merger can truly materialize."
Ondo Finance has announced the integration of its tokenized securities platform, Ondo Global Markets, with Uniswap. Over 430 tokenized stocks and ETFs on the platform are now simultaneously available on Ethereum and BNB Chain. Users can trade via the Uniswap interface or the UniswapX API.Compliant users can trade tokenized shares of companies such as SpaceX, Tesla, NVIDIA, Apple, Microsoft, and Amazon, as well as major ETF assets like SPY and QQQ, directly on-chain. Trades leverage UniswapX to benefit from optimal liquidity routing, MEV protection, and gas-free transactions. All wallets and protocols integrated with the UniswapX API can support Ondo's full suite of tokenized securities without requiring additional development. Data shows that since its launch in September 2025, Ondo Global Markets has covered over 430 tokenized securities, with its TVL surpassing $1 billion and cumulative trading volume exceeding $20 billion.
that, according to official news from Bitget, the platform has officially launched its direct US stock connection product, "Bitget US Stocks," allowing users to buy and sell over 10,000 real US stocks and ETFs directly using USDC. The service executes settlements through licensed US brokers, granting users full shareholder rights including cash dividends and voting rights. It covers pre-market, regular, and after-hours trading sessions, and supports the seamless transfer of existing stock holdings from other brokerage platforms into Bitget. This move is another key step in Bitget's US Stock 2.0 strategy, following the launch of the Reality protocol and rToken-based US stock tokens in early June, aimed at providing a more intuitive trading interface for users accustomed to traditional brokerage experiences.To coincide with the new product launch, Bitget is simultaneously rolling out an accelerated stock transfer program. During the promotional period, users who transfer US stock holdings from external brokerages such as Futu, Tiger Brokers, moomoo, Longbridge, Webull, and IBKR into Bitget have the chance to receive a transfer fee subsidy of up to $10,000. The registration period runs from June 22, 19:00 to July 10, 23:59 (UTC+8), and subsidies will be distributed to eligible users every Monday. Transferred assets can be held or traded directly within the Bitget account.On June 5th, Bitget announced the listing of US stock tokens launched by its compliant RWA protocol. It currently supports over 500 US stocks and ETFs, including SpaceX, Tesla, and Nvidia, with assets under management (AUM) exceeding $50 million. The launch of direct US stock connection further completes Bitget's US stock product matrix, offering users accustomed to traditional brokerage experiences a more intuitive trading interface and experience.
: According to an official announcement, to meet users' round-the-clock trading needs, Bitget Stock Spot (rToken) has officially launched its weekend trading feature. The first batch supports 20 popular U.S. stock options, including rAAPL (Apple), rNVDA (NVIDIA), and rTSLA (Tesla).During U.S. stock market closures, the platform will generate continuous weekend trading prices based on Friday's closing prices, market maker quotes, and market expectations. This feature supports limit orders and stop-loss/take-profit settings. To prevent abnormal fluctuations, the system implements an approximate ±20% protection limit for weekend limit orders.rToken, identified by the letter "r" followed by the stock ticker (e.g., rNVDA for NVIDIA), is issued by Reality, a licensed RWA protocol under Bitget. Through a partnership with compliant broker Alpaca, it connects directly to global liquidity pools such as Nasdaq and the New York Stock Exchange. Its features include: 1:1 reserves of the underlying assets held by a licensed custodian, stock dividends distributed 1:1 in token form, corporate actions such as stock splits and reverse splits synchronously reflected, and holdings can be used as joint margin for unified accounts and U-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
market analysts have pointed out that if Elon Musk's proposed merger between SpaceX and Tesla proceeds, SpaceX may need to issue new shares equivalent to 94% of its current outstanding shares to acquire Tesla, increasing the total share count to approximately 8 billion. However, the financial logic of the transaction faces challenges. Tesla's GAAP net profit over the past 12 months has dropped from $15 billion in 2023 to $3.9 billion. After excluding regulatory credit revenue and Bitcoin gains, its core operating profit stands at only about $2.3 billion.Analysts believe that this transaction may essentially be an attempt to use a high-valuation asset to acquire another similarly overvalued company, leaving significant uncertainty regarding its long-term profitability and cash flow performance. The combined company's valuation could reach $3.4 trillion, with SpaceX estimated at $1.75 trillion and Tesla's current market cap around $1.65 trillion. Musk may be leveraging the high valuation from SpaceX's impending IPO to support Tesla, which is under earnings pressure. (Fortune)