merger

Market news indicates that the merger between SpaceX and Tesla may be announced as early as December.

Spider Digital Technology Ltd., a cryptocurrency mining pool operator headquartered in Singapore, announced that it has signed a definitive business combination agreement with Starlink AI Acquisition Corporation, a blank check company listed on the New York Stock Exchange (stock ticker OTAI), on October 30, 2026. The agreement sets the valuation of Spider Digital at $250 million to determine the merger consideration. Upon completion of the transaction, Spider Digital and Starlink AI will become wholly-owned subsidiaries of Spider Digital Technology Group, which is expected to go public in the United States after meeting applicable listing requirements and obtaining approval.According to the agreement, PubCo's wholly-owned subsidiary Merger Sub I will merge with Spider Digital, after which Merger Sub II will merge with Starlink AI, and both companies will continue to exist after their respective mergers. The completion of the transaction is subject to approval by both parties' shareholders, the effectiveness of PubCo's F-4 registration statement, approval for listing on the New York Stock Exchange, and other customary closing conditions. Spider Digital claims that it operates its own mining pool system and has independent block production capabilities, without sharing pool control or hash power scheduling rights with third parties. The company's founder, chairman, and CEO Chen Hua, along with Starlink AI's chairman and CEO Gus Liu, both commented on the proposed merger.

Agility Robotics, a humanoid robot manufacturer supported by companies like NVIDIA and Amazon, has completed its merger with special purpose acquisition company Churchill Capital Corp XI and has begun trading on NASDAQ under the stock ticker AGLT, becoming the first publicly listed humanoid robot manufacturer in the United States. This transaction values Agility Robotics at approximately $2.5 billion and is expected to raise about $465 million in funding.

Informed sources revealed that Marvell Technology and Lumentum received support from NVIDIA CEO Jensen Huang before finalizing a nearly $103 billion merger deal.The CEOs of Marvell and Lumentum consulted Huang for advice via a call before the announcement of the deal. Helston stated that NVIDIA responded positively, and the acquisition will accelerate the provision of diversified products for them.

According to CoinDesk, digital securities and tokenization infrastructure company tZERO plans to merge with special purpose acquisition company FG Imperii Acquisition Corp. (FGII) to go public, with a pre-money valuation of $350 million for tZERO. It is expected to raise up to $231 million in SPAC trust funds, with the actual amount depending on shareholder redemptions and transaction costs.The merged company plans to list on NYSE American in early 2027, with the stock ticker TZRO. The transaction is still subject to approval by shareholders and regulatory agencies.tZERO has been laying out its blockchain securities market since 2014, with its regulated subsidiaries providing services such as digital securities trading, brokerage, custody, and transfer agency. The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), is one of its investors and has selected tZERO to participate in the design of the New York Stock Exchange's blockchain securities trading platform.

According to CoinDesk, digital securities and tokenization infrastructure company tZERO plans to merge with special purpose acquisition company FG Imperii Acquisition Corp. (FGII) for a public listing, with a pre-money valuation of $350 million for tZERO. It is expected to secure up to $231 million in SPAC trust funds, with the actual amount depending on shareholder redemptions and transaction costs.The merged company plans to list on NYSE American in early 2027, with the stock ticker TZRO. The transaction still requires approval from shareholders and regulatory agencies.Since 2014, tZERO has been laying out its strategy in the blockchain securities market, with its regulated subsidiary providing services such as digital securities trading, brokerage, custody, and transfer agency. The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), is one of its investors and has selected tZERO to participate in the design work for the New York Stock Exchange blockchain securities trading platform.

According to the American financial media Semafor, Musk proposed a merger between Tesla and SpaceX this week. A former Department of Justice official stated that the proposal poses a real risk of antitrust issues.The official noted that antitrust regulators typically view such vertical mergers as beneficial for improving supply chain efficiency and promoting competition. However, if Tesla and SpaceX are deemed to be potentially engaging in vertical exclusionary mergers, regulators may attempt to block it. The article explains exclusionary as companies using their position to limit competition from other levels of the supply chain, citing that if in the future only Tesla vehicles can use SpaceX's Starlink technology, other autonomous or electric vehicle manufacturers may be harmed.The report states that the outcome depends on the terms of this currently hypothetical deal, as well as how willing U.S. antitrust enforcement agencies, aligned with Trump's stance, are to clash with Musk, who is described as a major Republican donor. The report also mentions that even so, if the Democrats regain control of the House next month, Musk will face congressional investigations, and lawmakers will closely scrutinize his attempts to merge his companies.

SpaceX stated that any potential merger with Tesla must be further approved by the company's special committee, board of directors, and controlling shareholders.

According to Gate market data, Nasdaq futures rose 1% in early trading on Wednesday, boosted by SpaceX's earnings report and news of a merger with Tesla, which lifted the after-hours performance of U.S. tech stocks.

Elon Musk stated that SpaceX and Tesla have each established special committees to discuss merger matters. He believes that merging with Tesla is a good idea.

Barclays stated that the merger between Tesla (TSLA.O) and SpaceX (SPCX.O) may be announced before December.

According to BBX data, last weekend, global U.S. stock-listed treasury and mining companies released their latest accounts regarding asset reserves, reverse mergers, and liquidity management. The core updates are as follows:Evernorth completed its SPAC merger holding 473 million XRP, scheduled to debut on Nasdaq under the code "XRPN" on October 12: The treasury company Evernorth Holdings officially announced the completion of its business combination with the special purpose acquisition company Armada Acquisition Corp. II. At the time of the transaction's closing, the company’s treasury held approximately 473 million XRP and successfully raised about $300 million in total cash proceeds (before transaction costs). The newly merged company's common stock is expected to officially trade on Nasdaq starting October 12, with the ticker symbol "XRPN".Bitdeer (NASDAQ: $BTDR) disclosed the latest weekly mining data, producing 300.6 BTC and fully liquidating: Nasdaq-listed Bitcoin mining company Bitdeer announced its latest Bitcoin holdings data. As of the week ending October 9, its self-operated Bitcoin mining output was 300.6 BTC, and during the same period, it fully sold 300.6 BTC in the secondary market, resulting in a net addition of 0 BTC for the week. The balance sheet continues to implement a liquidity strategy of immediate sales, currently maintaining a zero Bitcoin holding.

Digital asset treasury company Evernorth Holdings, Inc. announced that it has completed its business combination with special purpose acquisition company Armada Acquisition Corp. II. Armada was initiated by Arrington XRP Capital Fund, LP. Evernorth aims to provide institutional access to the XRP ecosystem at scale, with common stock expected to begin trading on Nasdaq under the ticker XRPN on October 12, 2026, and ringing the Nasdaq closing bell on October 14.At the time of closing, the company holds approximately 473 million XRP and has raised about $300 million in gross cash proceeds (before transaction expenses). Investors include Arrington Capital, SBI Group, Ripple, Pantera Capital, Kraken, GSR, and others. Founder and CEO Asheesh Birla stated that the goal is to establish an actively managed XRP treasury to support ecosystem growth and meet public market demands for transparency and governance.The company stated that as institutional on-chain finance develops, the need for capital expansion in tokenized assets, on-chain credit markets, and settlement infrastructure arises. Evernorth intends to be a source of such capital and operate according to the reporting, governance, and disclosure standards of Nasdaq-listed companies. Michael Arrington, founder of Arrington Capital, stated that support for Evernorth is an extension of its XRP thesis, which will bring scalable capital, active participation, and public company standards.

Aero announced the token exchange terms and schedule for the merger of Aerodrome and Velodrome. The merger will start on October 21 at 20:00 (Eastern Time), at which point the token emissions of the two old platforms will cease. Existing AERO will be exchanged at a 1:1 ratio for the new AERO, with each VELO exchanging for approximately 0.044 AERO. This ratio applies to both circulating tokens and locked tokens. The exchange rate for VELO depends on the supply at the time of launch, with Aerodrome holders receiving 94.5% of the new supply and Velodrome holders receiving 5.5%.According to DefiLlama data, as of October 9, the total locked amount for the two exchanges is approximately $422 million. The merger was announced in November 2025, and the developers, Dromos Labs, originally planned to complete it in the second quarter of 2026. The new model replaces the original weekly voting cycle with real-time allocation, allowing staked AERO (sAERO) holders to direct rewards to the liquidity pool and accumulate earnings along with exchange revenue. There is an initial 47-hour cooling period for allocation adjustments.Existing veAERO and veVELO positions will be converted to new sAERO positions, with the remaining lock-up time carried over and rounded up to the nearest whole week, and permanent locks will convert to the longest staking period. Tokens will not be automatically exchanged; self-custodied assets must be managed through the upgrade portal at aerodrome.finance or velodrome.finance, and rewards and rebases must be claimed and active votes cleared first.

According to BBX data, yesterday global digital asset institutions disclosed the latest developments in capital operations, top venture capital layouts, and privacy infrastructure expansion. The core information is as follows:First Digital has reached a merger agreement with a SPAC, valuing at $250 million, aiming for a Nasdaq listing: The issuer of the dollar stablecoin FDUSD, First Digital, officially announced the signing of a final business merger agreement with the special purpose acquisition company CSLM Digital Asset Acquisition Corp III. The pre-transaction equity valuation for this deal is $250 million. Upon completion of the merger, First Digital will become a wholly-owned subsidiary of a newly established Cayman holding company, with its existing shareholders fully exchanged for Class A common stock of the holding company. The newly merged entity is expected to officially list on Nasdaq in the first half of 2027.AI trading agent startup Catalyst completes $30 million seed round financing, led by Sequoia Capital: AI trading agent startup Catalyst announced the completion of a $30 million seed round financing. This round was led by the world’s top venture capital firm Sequoia Capital, with participation from Wall Street high-frequency quantitative firm Jump Trading, Peak XV, Lux Capital, AntiFund, cryptocurrency exchange giant Coinbase, and Premji Invest, among other well-known institutions. The funds will be used to advance the development of the next-generation on-chain smart trading agent protocol.Blockchain privacy infrastructure Soda Labs receives exclusive $3 million seed round investment from NextBlock: Blockchain privacy infrastructure developer Soda Labs announced the completion of a $3 million seed round financing, exclusively invested by NextBlock. This funding will be specifically used for global market expansion, expanding the verification node network and blockchain support coverage, core team building, and accelerating the integration of its underlying protocol with commercial banks, traditional payment companies, and real-world asset (RWA) platforms. Soda Labs disclosed that its core privacy layer Bubble currently supports Ethereum, Polygon, Arbitrum, Base, and COTI, and is fully expanding to high-performance networks like Solana.

Binance has now completed the token merger of Stargate Finance (STG) into LayerZero (ZRO). The tokens have been distributed at a ratio of 1 STG = 0.08634 ZRO. The old STG tokens will no longer support deposits and withdrawals.

The AI merger analysis platform Comparables.ai announced the completion of a $6 million seed round financing, led by Pragmatech and Araya Ventures, with participation from Purple Ventures, Gorilla Capital, hi5 Ventures, Somersault Ventures, and other institutions.

According to CoinDesk, Armada Acquisition Corp. II (XRPN) closed at $39.42 last Friday, up 68% on the day, and has risen approximately 273% over the week, reaching a high of $53 during intraday trading, compared to $10.58 a week ago, with a further pre-market increase of 9.5% on Monday. The company is the SPAC driving the listing of XRP treasury company Evernorth, which stated that the merger is expected to be completed on October 7 (Wednesday), pending the fulfillment of remaining conditions.Evernorth is expected to hold approximately 473 million XRP at the time of closing, valued at about $714 million based on Monday's price of approximately $1.51. Its disclosed financing includes about $300 million in total cash proceeds, of which $225 million comes from a private placement, $30 million from convertible notes, and $48 million from Armada's trust funds, with supporters also directly investing in XRP. However, the company purchased 84.4 million XRP for $214.1 million by the end of 2025, at an average price of approximately $2.54, which is now worth about $127 million.Armada Trust held $241.2 million at the end of June, with each public share redemption valued at approximately $10.49. Evernorth's announcement on October 1 indicated that about $48 million of the trust funds would be reserved for trading, suggesting that approximately 80% of the trust funds would be returned to shareholders. Redemptions will reduce the number of publicly tradable shares, allowing relatively small orders to significantly drive up the stock price.

According to The Block, shareholders of Armada Acquisition Corp. II have approved its business combination with XRP Treasury company Evernorth, clearing a key step for the latter's listing on Nasdaq.The transaction is expected to raise approximately $300 million in total cash proceeds, with investors also contributing in physical XRP. Upon completion of the transaction, Evernorth is expected to hold approximately 473 million XRP. The transaction is expected to be completed on October 7, and the combined company plans to trade under the ticker XRPN starting October 8.