Features News TheBitTimes.com

SpaceX Bitcoin transfer activity has resumed after three months of silence, and right now it’s drawing attention across crypto markets. On October 21, Elon Musk’s aerospace company moved around $268 million worth of Bitcoin—the first major movement since July. The SpaceX Bitcoin transfer involved 2,395 BTC split between two wallets, and analysts are viewing it as an internal reshuffle rather than a sale to exchanges. Also Read: Rocket Lab (RKLB) Jumps as Morgan Stanley Sets $68 Target, Cites SpaceX Link SpaceX Bitcoin Transfer Highlights Corporate Holdings And Market Trends Source: Chris Ratcliffe / Bloomberg The SpaceX Bitcoin transfer was split into two parts at the time of writing. Around 1,298 BTC worth $139.7 million was sent to one address. At the same time, 1,197 BTC valued at approximately $128.8 million went to another wallet. Both addresses remain inactive with no outflows recorded, according to SpaceX latest news reports. Before the main Bitcoin transfer, two sma...

T-Mobile stock dropped 5% Monday as EchoStar announced a $17 billion spectrum sale to SpaceX, and also T-Mobile representatives are quitting over aggressive T-Life app mandates. This T-Mobile news highlights dual challenges that are actually facing the carrier right now amid T-Mobile SpaceX competition along with internal transformation struggles. Also Read: GameStop Stock Jumps After GME Earnings Beat and Dividend Warrant T-Mobile Reps Quit as Stock Falls on SpaceX Deal and Digital Shift Source: PhoneArena The market reaction was pretty harsh and reflects concerns about increased competition as T-Mobile SpaceX partnership dynamics shift. T-Mobile shares were hit alongside AT&T and Verizon following EchoStar’s announcement, which created significant news coverage of the spectrum transaction. SpaceX is getting 50 MHz of exclusive S-band spectrum in the United States from this deal, and this allows them direct-to-cell services without having to rely on T-Mobile partnerships any...

Elon Musk’s personal net worth has declined $150 billion since the abrupt and very public end to his working relationship with President Donald Trump, reports Bloomberg. On December 17, in the midst of Trump’s post-election run-up, Musk’s net worth hit an all-time high of $486 billion. Today, he’s worth $335 billion. Despite a few months working side-by-side with Trump and his administration, their working relationship fell apart this week — sending Musk’s net worth plummeting. Disenchanted with the effectiveness of Musk’s Department of Government Efficiency (DOGE) that the Tesla and SpaceX supremo once claimed would save American taxpayers $2 trillion , he has left Trump’s administration entirely. Even DOGE, the crypto asset that counts Musk as its most influential champion, is down 75% from its December 2024 high. Over the last few days, Musk has called for Congressional votes against Trump’s $2.4 trillion One Big Beautiful Bill, calling it...