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Bitcoin Magazine

SpaceX-Tesla Merger: Passive Flows ‘Hack’, Could Bring More BTC Exposure to S&P 500

Tesla and SpaceX have formed a special committee to explore a merger that would create the largest equity in the world by market cap. In this clip, Sean Hagan breaks down why the deal is a “no brainer” on first principles: a combined company earns a higher index weighting and captures more passive flows than either firm alone. He connects it to the MSCI decision on Strategy and why passive flows matter for Bitcoin treasury companies. The hosts also ask whether the merger is a workaround for SpaceX’s S&P 500 inclusion.

DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This post SpaceX-Tesla Merger: Passive Flows ‘Hack’, Could Bring More BTC Exposure to S&P 500 first appeared on Bitcoin Magazine and is written by Patrick Green.

Bitcoin Magazine

Bitcoin Nears $85,000 as SpaceX Earnings Reignite Risk Appetite

Bitcoin’s price rose above $84,500 on Wednesday as investors flooded back into risk-on assets — particularly tech-related stocks. 

The leading cryptocurrency was recently priced at $84,461 after rising nearly as high as $84,588 earlier on Wednesday morning in New York. 

Over a 24-hour period, the coin is up 2%. Zooming out over a seven-day timeframe and it is up 3%. 

JUST IN: $84,003 Bitcoin pic.twitter.com/ht1VmQnDQ5

— Bitcoin Magazine (@BitcoinMagazine) October 21, 2026

Bitcoin’s rise comes as SpaceX reported surging revenue growth in its third quarter, and its owner, Elon Musk, talked of a potential SpaceX-Tesla merger.

SpaceX — which debuted in June on the Nasdaq in the biggest initial public offering ever — reported third-quarter revenue on Tuesday of $14.6 billion, up 161% from the previous year and smashing estimates. 

Technology stocks rallied on the news. Bitcoin has in the past risen with risk assets and been correlated with the Nasdaq. 

But this year, the OG cryptocurrency has moved with gold as the so-called debasement trade becomes hot again. The trade is when investors buy certain assets to hedge against currency being devalued. 

The dollar slid in value in August after the U.S. Treasury Department said it would more than double the size of its government debt repurchases. Bitcoin had its best quarterly run in three years and third best August ever.   

U.S. investors this week have piled back into spot bitcoin exchange-traded funds, too. On Monday and Tuesday, the funds managed by BlackRock, Fidelity, Grayscale, and others received new investment of over $549 million, according to Coinglass data. 

Bitcoin’s price is still over 30% below its all-time high of $126,080 — reached in October 2025 — but analysts are saying the cryptocurrency is now back in a bull market after spending most of this year in a bear. 

This post Bitcoin Nears $85,000 as SpaceX Earnings Reignite Risk Appetite first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.