SpaceX begins trading on Nasdaq after $75B IPO; crypto impact debated
2026-06-12 13:13:04
SpaceX is set to begin trading on Nasdaq today after investors pumped $75 billion into what CoinDesk calls the largest IPO in history, a debut that could ripple into crypto markets. According to CoinDesk, one theory is that recent outflows of over $5 billion from bitcoin ETFs—pushing bitcoin below $60,000—were partly driven by investors raising cash for the IPO, potentially setting up a rebound if funds rotate back. Others, including pseudonymous analyst Doctor Profit, warn record IPOs can coincide with market tops, risking broader risk-asset weakness.
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