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What the SpaceX IPO means for Bitcoin 🛰️
SpaceX's $75 billion IPO is already draining crypto liquidity—but profits could rotate back into digital assets, analysts reckon.
Stephen Graves
June 12, 2026
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đź“ť What you need to know
It’s SpaceX IPO day, with shares in the rocket manufacturer trading at $150 on its debut and setting Elon Musk on course to becoming the world’s first trillionaire.
Following SpaceX’s merger with xAI, the IPO has already drawn capital away from crypto, as the AI and crypto sectors compete for the same speculative retail capital. That, one analyst argued, could see the IPO “continue sucking the air out of the room” post-launch.
A more bullish scenario could see strong post-listing gains rotate into crypto, as cash-flush investors seek to amplify their profits. That, analysts suggested, would depend on a first-day pop—which SpaceX has emphatically delivered.
Sounding an equally optimistic note, Standard Chartered’s Geoff Kendrick suggested that “winter is over” for the crypto market, with the SpaceX IPO and a potential peace deal between the U.S. and Iran pointing to brighter times ahead.
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