The narrative that the $75B SpaceX IPO is a death sentence for crypto liquidity is short-sighted.
Traders are panic-selling
$BTC to chase the $250B oversubscribed order book. Once allocations are tiny, that rejected cash will flood back into high-beta assets, starting with crypto.
Bonus: SpaceX’s S-1 shows they hold 18,712
$BTC. Nasdaq listing = automatic BTC exposure for every passive index fund.
Temporary drain. Long-term rocket fuel. 🚀
The SpaceX IPO may create the biggest VC payday in history 💥
Google turned a $900M investment into over $120 BILLION.
Peter Thiel’s Founders Fund turned $20M into potentially $50 BILLION.
And Elon Musk’s original $100M stake is now worth around $735 BILLION.
This IPO is about to mint a whole new class of mega billionaires.