Today's fun fact: Binance is one of the top ten shareholders of SpaceX.
Remember back in 2022, when Binance dropped 500 million bucks to get in on Elon Musk's Twitter acquisition?
Yeah, that investment was supposed to buy Twitter, but it ended up as a gift to SpaceX shareholders.
Let me break it down for you. In March 2025, xAI fully merges with Twitter.
So, the original shareholders of X (including Binance) had their stocks swapped for xAI shares based on their ownership ratios. That means Binance's stake in Twitter automatically converted to xAI shares.
Then in February 2026, SpaceX fully merges with xAI.
So the original xAI shareholders, including Binance who got their shares through the Twitter swap, are now passively converted to SpaceX stocks.
Assuming SpaceX goes public at a valuation of 2 trillion bucks,
then Binance's initial investment of 500 million has skyrocketed to over 1.5 billion.
They didn’t lift a finger, but they hit the jackpot.
Remember back in 2022, when Binance dropped 500 million bucks to get in on Elon Musk's Twitter acquisition?
Yeah, that investment was supposed to buy Twitter, but it ended up as a gift to SpaceX shareholders.
Let me break it down for you. In March 2025, xAI fully merges with Twitter.
So, the original shareholders of X (including Binance) had their stocks swapped for xAI shares based on their ownership ratios. That means Binance's stake in Twitter automatically converted to xAI shares.
Then in February 2026, SpaceX fully merges with xAI.
So the original xAI shareholders, including Binance who got their shares through the Twitter swap, are now passively converted to SpaceX stocks.
Assuming SpaceX goes public at a valuation of 2 trillion bucks,
then Binance's initial investment of 500 million has skyrocketed to over 1.5 billion.
They didn’t lift a finger, but they hit the jackpot.