SpaceX Launches Record-Breaking $75 Billion IPO Amid Crypto Market Concerns

SpaceX is set to make its highly anticipated debut on the public market with a proposed IPO of $75 billion, according to recent filings with the U.S. Securities and Exchange Commission. This massive listing would rank among the largest ever, dwarfing many other notable listings in recent years.

The company plans to sell 555.6 million shares at a price of $135 per share, which would raise around $75 billion and value SpaceX at approximately $1.75 trillion. This move has significant implications for the crypto market, as it would bring SpaceX's substantial bitcoin holdings into public markets.

SpaceX currently holds 18,712 bitcoins, valued at around $1.29 billion as of March 31. A public listing would give investors indirect exposure to these assets through their ownership of SpaceX shares. This has sparked concerns about the potential diversion of risk capital from crypto markets as investors reallocate their funds.