Tesla (TSLA) Stock Drops 4% Amid SpaceX Merger Speculation from Wall Street Analysts

The post BTC news: Elon Musk’s SpaceX moves bitcoin for the first time in six months appeared on BitcoinEthereumNews.com. SpaceX (SPCX) apparently moved bitcoin BTC$62,063.69 across its wallets early Wednesday for the first time in about six months in three transfers totaling less than $300 of its $1.16 billion holding that don’t signal any impending sales. Data from Arkham Intelligence shows the largest transfer across addresses tagged as belonging to the company moved 0.00213 BTC, about $135, between two wallets. A second sent 0.00139 BTC, or about $89. In the third, Coinbase Prime’s custody service topped up a SpaceX address with 0.000738 BTC, around $47, the kind of small amount an exchange sends to cover network fees before a larger transaction can go through. SpaceX went public on June 12 in the largest IPO on record, and its filing put the company’s full bitcoin position on a public balance sheet for the first time. Small movements can draw attention after a share listing even t

The post Musk’s SpaceXAI and Cursor Set to Launch First Joint AI Model as Soon as Wednesday appeared on BitcoinEthereumNews.com. Key Takeaways SpaceXAI and Cursor plan to ship their first joint AI model as soon as Wednesday, per a staff memo. The model was trained on SpaceX’s Colossus cluster, scaling to roughly 1 million H100-equivalent GPUs. SpaceX, which holds 18,712 BTC, exercised its option to buy Cursor after a $60 billion deal set in April. Preparing For Launch, No Pun Intended SpaceXAI, the artificial intelligence (AI) arm of Elon Musk’s SpaceX, is preparing to release its first jointly developed AI model with Cursor as soon as Wednesday. Reuters reported that the companies had pushed back a launch planned for earlier this week in order to improve the model’s efficiency. The model is set to ship inside both Cursor, the popular AI code editor, and Grok Build, SpaceXAI’s developer-facing product. Training has been running on SpaceX’s Colossus supercomputer, a cluster scaling to r

The post $100 invested in SpaceX stock at IPO is now worth appeared on BitcoinEthereumNews.com. For all the hype surrounding the SpaceX (NASDAQ: SPCX) initial public offering (IPO) and the company’s launch valuation, even investing $100 as soon as possible would have proven a middling investment. Specifically, SPCX shares were originally offered at $135 and are, at press time on July 8, trading at $149.52 following a 0.033% extended session rise. Under the circumstances, a $100 investment made already at the IPO would have risen to $110.76 for a $10.76 profit. SpaceX stock price one-week chart. Source: Google Investors who got their hands on SpaceX stock at the beginning of the equity’s first trading day – June 12 – would have seen their position remain effectively flat, while those who purchased on that evening would have lost $7 as the company ended the day at $160.95. Still, both groups would have been far more fortunate than those who took Jim Cramer’s amazement at the rally as a s

Elon Musk’s SpaceXAI and code editor Cursor plan to release their first jointly built AI model as soon as Wednesday, according to an internal memo. Preparing For Launch, No Pun Intended SpaceXAI, the artificial intelligence (AI) arm of Elon Musk’s SpaceX, is preparing to release its first jointly developed AI model with Cursor as soon […]

The post SpaceX Sparks Bitcoin Speculation With $88 Test Transfer appeared on BitcoinEthereumNews.com. SpaceX moved Bitcoin (BTC) on-chain for the first time in six months on Tuesday. The company sent an $88 test transaction between two of its tagged wallets, blockchain tracker Arkham Intelligence reported. The tiny transfer instantly revived a familiar question. SpaceX holds 18,712 BTC, and Elon Musk’s companies rarely touch their coins without drawing market attention. Is SpaceX Moving Its Bitcoin? Arkham flagged the transaction on Wednesday. The funds traveled from a legacy “15atF” address to a newer “bc1q9” address. SpaceX Bitcoin test transaction between tagged wallets. Source: Arkham “A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9). Is SpaceX about to move more BTC?” Arkham posed. Follow us on X to get the latest news as it happens The question posed by Arkham itself fuels speculatio

The post Wall Street predicts Tesla stock price for next 12 months appeared on BitcoinEthereumNews.com. In contrast to most other recent Wall Street analyst notes, RBC Capital’s Tom Narayan upgraded his outlook for Elon Musk’s electric vehicle (EV) company, Tesla (NASDAQ: TSLA), on July 7. Specifically, the institutional expert assigned a ‘Buy’ rating for TSLA stock while increasing his 12-month price prediction from $475 to $500.  Notably, while the analyst estimated that the ‘Robotaxi’ represents a robust opportunity with a $4.2 trillion total addressable market, it would appear much of the lift can be attributed to a potential SpaceX (NASDAQ: SPCX) acquisition scenario. Elon Musk has been implementing something of a company rollup as part of which his artificial intelligence (AI) company, xAI, acquired his social media firm, X, before itself getting bought by SpaceX ahead of the record-breaking initial public offering (IPO). The process, started in earnest early in 2025, led some ob

The post SpaceX Bitcoin Wallet Wakes Up With a Tiny Transaction: What’s Next? appeared on BitcoinEthereumNews.com. A tagged SpaceX Bitcoin address has moved funds for the first time in months, raising speculation about whether a larger transfer could follow.  Arkham Intelligence reported today that a SpaceX-tagged wallet has made a small test transaction after roughly six months of being inactive. The address, identified as SpaceX (15atF), sent about $88 worth of BTC to another wallet that begins with bc1q9. The transaction itself is very minor, but the market is starting to pay attention because corporate-linked Bitcoin wallets rarely move BTC without a reason. Small transactions are usually used to test address control or custody setup. SPACEX JUST MOVED BITCOIN A tagged SpaceX address just moved Bitcoin for the first time in 6 months. SpaceX (15atF) made a test transaction of $88 of BTC to SpaceX (bc1q9). Is SpaceX about to move more BTC? pic.twitter.com/vQITSDKtGI — Arkham (@arkh

A tagged SpaceX Bitcoin address has moved funds for the first time in months, raising speculation about whether a larger transfer could follow.