The SpaceX IPO (Initial Public Offering) has quickly become one of the most talked-about developments in the financial markets, and Bitcoin is not left out of the conversation. As the market gets ready to usher in what is expected to be a new beginning, the conversation has revolved around what this would mean for Bitcoin and the crypto market, given that the American company is currently one of the largest corporate holders of BTC worldwide.
What To Expect With The SpaceX IPO
The SpaceX IPO is expected to go live tomorrow, June 12, and the anticipation has been through the roof. The company already announced that it would be issuing 555,555,555 shares at a listing price of $135. This would make the Elon Musk-led company a trillion-dollar company valued at $1.75 trillion at this price per share, the Wall Street Journal reported.
If this IPO goes off without a hitch, then the SpaceX IPO would officially become the largest IPO in the history of the financial markets. While the price of the shares is still subject to what the market decides, the interest in the IPO suggests that it might retail high.
It’s unusual that SpaceX announced its share price several days before the stock listing – most companies wait until the day before. However, this early announcement seems to have boosted excitement and speculation about the listing, actually increasing its popularity.
The company plans to start trading publicly on the Nasdaq stock exchange on June 12th. They anticipate raising $75 billion through this process, which would be three times the previous record of $25 billion held by Saudi Aramco.
How Could This Listing Affect Bitcoin And Crypto?
There has been speculation that the poor performance of Bitcoin and the crypto market over the past week has been due to capital rotation triggered by the SpaceX IPO. During times like these, when there is an ‘opportunity’ to take advantage of a new investment, it is not out of the ordinary for investors to dump current holdings to go into the new asset.
Also, the decline in the Bitcoin price coincides with the company announcing the number of shares and the share price. Around the same time, the Bitcoin ETF market saw its single largest daily outflow, which crossed $500 million on June 2.
Amid all of these speculations, though, the company is about to go public with over 18,700 BTC on its balance sheet, worth around $1.3 billion. At the helm of the company is also billionaire Elon Musk, who has been very pro-Bitcoin and crypto. This move would put BTC in the spotlight as another major publicly-traded company would hold a major stake in the digital asset besides Strategy (formerly MicroStrategy).
The cryptocurrency market is getting ready for SpaceX to potentially go public, with exchanges like Coinbase and Kraken already offering contracts that allow trading based on SpaceX’s future IPO price. This follows Binance‘s move to give crypto investors access to traditional stock markets, and it’s likely to further connect the worlds of crypto and stocks. The full impact of this connection remains to be seen.
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2026-06-11 14:43