Elon Musk said he supports the idea of merging Tesla and SpaceX, a move that would create a roughly $3.5 trillion technology giant combining AI, space exploration and electric vehicle manufacturing. “Do I think it would be a good idea? Yes,” Musk said during a SpaceX Q3 earnings call on Tuesday.
Musk said both companies have formed special committees of independent directors to discuss the idea at the request of shareholders, though he cannot participate due to being a conflicted party. A merger would bring Tesla into the same corporate group as Grok developer SpaceXAI (formerly xAI) and social media platform X, which SpaceX acquired in February. The talks come as SpaceX’s AI business became its largest revenue segment in Q3.
Stablecoin transfers reach $891B in Q3
Stablecoin transfer volume reached $891 billion in the third quarter of 2026, more than quadrupling since early 2023, according to a Coinbase-commissioned report conducted by The Block Research. The report found stablecoins processed more than $400 million in adjusted transfers per hour, with 73% of screened volume occurring outside traditional US banking hours, including weekends and holidays.
Institutional adoption is also expanding. Seven of the 10 largest US banks have tested stablecoins or tokenized deposits for settlement, while 30% of mid-market companies engaged in cross-border business are using or piloting stablecoins, up from 10% in 2024. A separate National Cryptocurrency Association survey found that 42% of US adults would be more inclined to open an account or expand their relationship with a bank offering crypto services.
Despite rising transaction volumes, stablecoin supply has barely changed over the past year. According to DeFiLlama, the market’s capitalization stood at $301.4 billion on Tuesday, down approximately 0.6% from a year earlier. Standard Chartered recently pushed its $2 trillion stablecoin market forecast from 2028 to 2030, citing slower supply growth.
Bitget plans Thai exchange acquisition after $388M hack
Crypto exchange Bitget has announced plans to acquire Thailand’s GMO-Z.com Cryptonomics, seeking to expand its Southeast Asia footprint weeks after a major hack impacting its hot and warm wallets. The proposed transaction involves BTGT Management (Thailand), a company in which Bitget says it holds an interest, according to an announcement shared with Cointelegraph. The acquisition will allow Bitget to introduce its trading platform to Thai users.
“Thailand is an important part of Southeast Asia’s digital asset landscape, and this acquisition gives us a great opportunity to establish local operations in a thriving country,” said Bitget CEO Gracy Chen.
GMO Internet disclosed the proposed sale to BTGT Management in a Sept. 24 filing, targeting completion for Oct. 31. Bitget’s announcement identifies its involvement in the transaction. The company declined to comment on how much interest in BTGT Management it holds and the financial and ownership terms of the proposed acquisition.
