# CZ Says Binance’s SpaceX Stake Was Not Meant to Pressure Musk By John Kim Canonical URL: https://www.tokenpost.com/news/business/45364 Published: 2026-10-31T06:48:31.000Z Updated: 2026-10-31T06:48:31.000Z Section: Business > He said the holding shows Binance owns assets beyond cryptocurrency and is small relative to SpaceX’s scale. Binance founder CZ said Oct. 31 he cited the exchange’s SpaceX stake to address comparisons with FTX and questions about Binance’s finances, rejecting the suggestion that he meant to pressure Musk. CZ said he had not threatened anyone or said Binance would sell the shares. He said he mentioned the holding to show Binance has assets outside cryptocurrency. He described the stake as tiny compared with SpaceX’s overall scale and said it could not amount to a threat. CZ previously said Binance invested $500 million when Musk acquired Twitter. He said Binance’s [SpaceX shares were worth more than $1 billion](). He also described SpaceX as a quality stock worth holding long term. CZ also said he hoped Musk would support Binance during a difficult period. The remark came in response to Musk’s teasing. ## Links in this article - [SpaceX shares were worth more than $1 billion](https://www.tokenpost.com/news/business/44495)