SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
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- SpaceX plans to price its IPO at $135 per share, selling 555.6 million shares to raise about $75 billion and value the company at roughly $1.75 trillion.
- SpaceX holds 18,712 bitcoin valued at $1.29 billion as of March 31, which would become publicly traded exposure to crypto if the IPO proceeds.
- Tesla currently holds over 11,500 bitcoin, making it one of the largest corporate bitcoin treasuries among publicly traded firms.
- OpenAI and Anthropic are expected to raise significant capital this year, and combined with SpaceX’s June IPO, total fundraising is estimated to attract over $240 billion by year‑end.
- SpaceX demand could weigh on crypto prices in the short term as investors reallocate risk‑on capital.
Why it matters: Investors gain direct exposure to Bitcoin through SpaceX shares, while crypto traders face short‑term price pressure as capital shifts to the $75 billion IPO; the IPO is estimated to attract over $240 billion of AI and tech fundraising by year‑end, diverting risk‑on funds.
