Tesla-SpaceX merger on the agenda, SPCX contract trading volume surges nearly 130% month-over-month

BlockBeats news, October 21: SpaceX (SPCX.O) and Tesla (TSLA.O) have established a special committee to explore a potential merger transaction. Musk stated on this matter, "I think it would be a good idea." However, the merger is not finalized and requires support from half of all Tesla shareholders. SpaceX's latest financial report shows that third-quarter revenue exceeded expectations, and the stock price surged 8.06% after hours. Tesla rose 1.76% after hours.

According to Coinglass data, SPCX had $4.26 million in liquidations across the network over the past 12 hours, including $900,000 in long liquidations and $3.36 million in short liquidations; TSLA had $454,000 in liquidations across the network over the past 12 hours, including $1,147 in long liquidations and $452,900 in short liquidations.

Total SPCX contract open interest across the network is 6.4709 million coins, approximately $1.049 billion, up 6.33% in 24 hours; total TSLA contract open interest across the network is 510,900 coins, approximately $195 million, down 2.81% in 24 hours.

Total SPCX contract 24-hour trading volume across the network is $3.146 billion, up 129.2% year-over-year; total TSLA contract 24-hour trading volume across the network is $479 million, down 1.69% year-over-year.