SpaceX's $75 billion IPO could drain the liquidity that's helping lift bitcoin and crypto
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- SpaceX filed a confidential S‑1 targeting a $75 billion raise at a $1.75 trillion valuation for a June IPO, potentially the largest debut ever
- OpenAI plans a Q4 public listing near a $1 trillion valuation, adding to the $240 billion capital influx from AI megacaps by year‑end
- Anthropic is slated for an October IPO that will raise more than $60 billion, further swelling the risk‑on liquidity pool
- Bitcoin trades around $76,000, sharing the same liquidity pool that is siphoned off by the mega‑IPOs, risking price pressure
- Polymarket traders assign a 65% chance of a June SpaceX listing and a 53% chance the first‑day market cap will exceed $2 trillion
Why it matters: Institutional investors and crypto holders lose liquidity as $240 billion of risk‑on capital is diverted to SpaceX, OpenAI and Anthropic IPOs, squeezing Bitcoin’s price and tightening market depth.
