JPMorgan Chase: Potential obstacles to a Tesla-SpaceX merger have been underestimated.
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The logic behind a SpaceX-Tesla merger has been reinforced, with the question of "when to merge" becoming a focal point of discussion.
Odaily Odaily that ten years ago, Musk believed SpaceX and Tesla had a "weak connection" and insufficient justification for a merger. Now, market discussions have shifted from "whether they will merge" to "when they will merge," with long-term investors believing a merger is inevitable. While Musk hasn't publicly confirmed it, he frequently mentions the "integration" of his businesses, and SpaceX has hinted in filings about a possible large-scale share issuance, fueling speculation about a deal. Both companies have been transitioning towards AI in recent years: Tesla is betting on self-driving cars and humanoid robots, while SpaceX acquired xAI and plans to deploy a space data center. AI is expected to become SpaceX's largest revenue source starting this year. The business ties between the two companies have clearly strengthened; SpaceX disclosed that it purchases batteries and Cybertrucks from Tesla, and Tesla indirectly holds SpaceX equity through the xAI acquisition. Although Musk denied the merger logic a decade ago, in 2025 he acknowledged synergies among the three companies in the field of solar-powered AI satellites—a key technology he sees as "accessing large amounts of solar energy." (Jinshi)
The probability of Tesla and SpaceX announcing a merger before the end of September has dropped to 10% on Polymarket, and the stock has fallen 30% in the past 24 hours.
According to data from Polymarket's prediction market tool, the probability of Tesla and SpaceX officially announcing their merger by...? has decreased to 10% (a 30% drop in 24 hours) compared to the previous prediction of September 30, 2026; the probability of announcing the merger within the year, before December 31, 2026, has decreased to 25% (an 18% drop in 24 hours). Previously, it was reported that SpaceX would be officially included in the Nasdaq 100 index on July 7th. Odaily Seer continues to monitor prediction markets, seeing changes before pricing.
*Jpmorgan Chase Recently Evaluated Pursuing Its Own Stablecoin, Sources SAY: BBG
AggrNews News, *Jpmorgan Chase Recently Evaluated Pursuing Its Own Stablecoin, Sources SAY: BBG
Analysis: SpaceX's inclusion in the Nasdaq 100 index presents Bitcoin investment opportunities for passive index investors.
PANews reported on July 8th that, according to Bitcoin Magazine, SpaceX officially joined the Nasdaq 100 index on July 7th, after disclosing that its balance sheet held 18,712 bitcoins. JPMorgan Chase estimates that this index rebalancing will drive approximately $4.3 billion in passive inflows into funds and ETFs tracking the Nasdaq 100. This means that institutional capital has gained structural exposure to Bitcoin through corporate treasury channels. With SpaceX's addition, the number of companies holding Bitcoin treasuries in the Nasdaq 100 has increased to three (SpaceX, Tesla, and Strategy). Analysts point out that index inclusion creates demand driven by rules rather than active allocation, and Bitcoin holdings combined with strong fundamentals can improve a company's market visibility and liquidity.
SpaceX IPO quiet period ends, Wall Street institutions scramble to upgrade ratings
According to Odaily Odaily, with the end of the 25-day quiet period following SpaceX's (SPCX) June IPO, Wall Street analysts have begun releasing formal research reports, with several major brokerages giving it a positive rating, indicating that institutional investors remain optimistic about the company's long-term growth potential. As underwriters for the IPO, Goldman Sachs and Morgan Stanley both gave SpaceX a buy-equivalent rating. Goldman Sachs analyst Eric Sheridan set a target price of $205, while Morgan Stanley analyst Adam Jonas gave a target price of $300. In addition, Bank of America, Citigroup, Deutsche Bank, JPMorgan Chase, UBS, and other institutions also initiated coverage, giving buy or equivalent ratings. Raymond James Financial gave the most optimistic forecast, with analyst Brian Gesuale initiating coverage of SpaceX with a "Strong Buy" rating and a target price as high as $800, believing that SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century." Analysts believe that the market's optimism about SpaceX is mainly based on its strategic layout in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a continuous source of revenue and support future expansion of launch scale. As of March 31, 2026, SpaceX held 18,712 bitcoins. Wall Street believes that the concentrated coverage following the IPO quiet period provided a window for institutional investors to systematically assess SpaceX's valuation for the first time, and the fact that almost all major institutions simultaneously gave positive ratings is rare for large IPOs. (CoinDesk)
JPMorgan Chase: Raises Apple's price target from $325 to $345
According to Mars Finance, on July 7, JPMorgan Chase raised its target price for Apple (AAPL.O) from $325 to $345.