From The Next Web · Ana-Maria Stanciuc · · 1m
The X ticker is free as Musk weighs a merger
With SpaceX and Tesla exploring a merger, the single-letter stock ticker X has become available and investors say Musk could claim it.
In brief
With SpaceX and Tesla exploring a merger, the single-letter stock ticker X has become available and investors say Musk could claim it. The stock ticker X became free when Nippon Steel bought United States Steel last year. If SpaceX and Tesla merge, investors say Elon Musk could claim it, though he has not said so…
X ticker freed by steel deal
The stock ticker X has been unused since Nippon Steel bought United States Steel last year. Only five single-letter US tickers remain free: I, K, N, X and Y.
Musk exploring SpaceX-Tesla merger
Elon Musk, who runs both companies, said last week that special committees at SpaceX and Tesla are exploring a merger.
“a good idea”
Investors see X as perfect fit
Investors say if the merger closes, Musk could claim the X ticker.Dave Mazza, chief executive of Roundhill Investments, said it would be entirely on brand.
“It's entirely on brand.”
The essence
The stock ticker X became free when Nippon Steel bought United States Steel last year. If SpaceX and Tesla merge, investors say Elon Musk could claim it, though he has not said so.
