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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/13/2026

SpaceX IPO Surges 19% on Debut; Bitcoin Steadies Near $63K

What happened: SpaceX debuted on Nasdaq at $135/share, raising approximately $75 billion in the largest equity listing to date.

SpaceX IPO Surges 19% on Debut; Bitcoin Steadies Near $63K

What happened: SpaceX debuted on Nasdaq at $135/share, raising approximately $75 billion in the largest equity listing to date. The stock closed its first session at $160.95, up 19.2%. SpaceX’s S-1 revealed a treasury holding of 18,712 BTC (worth $1.29–1.63 billion), surpassing Tesla’s 11,509 BTC. Bitcoin traded near $63,500, holding steady after the IPO, with broader crypto markets firming modestly.

Why it matters: SpaceX’s blockbuster IPO and its sizable Bitcoin treasury reinforce the growing intersection of traditional capital markets and crypto. While some analysts had speculated that the IPO might pressure BTC prices, the data shows BTC remained resilient, with Standard Chartered’s Geoff Kendrick suggesting the crypto market has found a bottom. The muted response from DOGE, despite its Musk connection, underscores a maturing market dynamic.

Source: CoinDesk