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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%
06/04/2026

SpaceX Targets Record $75B IPO, Spotlight on $1.29B Bitcoin Treasury

What happened: SpaceX announced plans for a $75 billion IPO, pricing at $135 per share and targeting a $1.

SpaceX Targets Record $75B IPO, Spotlight on $1.29B Bitcoin Treasury

What happened: SpaceX announced plans for a $75 billion IPO, pricing at $135 per share and targeting a $1.75 trillion valuation under the ticker SPCX on Nasdaq. The IPO is set for pricing on June 11, with trading expected to begin June 12. SpaceX holds 18,712 BTC, valued at approximately $1.29 billion as of March 31, 2026, making it one of the largest corporate Bitcoin treasuries globally. Combined fundraising from SpaceX, OpenAI, and Anthropic could exceed $240 billion by year-end.

Why it matters: This would be the largest IPO in history, potentially validating the corporate Bitcoin treasury model. However, there are concerns that such mega-IPOs could siphon liquidity away from both tech equities and digital assets, exacerbating recent crypto drawdowns. If Tesla and SpaceX were to combine, it would concentrate significant BTC exposure under a single corporate entity, amplifying market impact.

Source: CoinDesk