SpaceX IPO may become a short-term pressure source for Bitcoin
By: rootdata|2026/06/11 04:45:01
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Analysts believe that SpaceX's upcoming IPO could become a new source of short-term pressure on the Bitcoin and cryptocurrency markets. As the company is reportedly set to open up to 30% of the IPO shares to retail investors, some investors may sell high-risk assets like Bitcoin and Ethereum to free up funds to participate in this hot offering. SpaceX plans to issue shares at $135 each, aiming to raise $75 billion, with a valuation of approximately $1.77 trillion. The head of trading at GSR stated that crypto assets could be one of the sources for some investors to raise IPO funds.
Recently, there have been views suggesting that SpaceX, along with potential future hot IPOs like OpenAI and Anthropic, could prompt funds to flow out of the cryptocurrency market, putting pressure on Bitcoin and Ethereum prices. However, SpaceX's listing could also, in turn, drive an increase in on-chain related trading activities. Currently, platforms like Hyperliquid and Binance have already offered perpetual contracts and tokenized stock products related to SpaceX, and the trading volume of related assets may further increase with the IPO.
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