SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus
SpaceX plans to price its IPO at $135 per share, raising about $75 billion and valuing the company at $1.75 trillion. The offering would sell 555.6 million shares and would rank among the largest public listings ever. The IPO matters for crypto because SpaceX held 18,712 bitcoin worth about $1.29 billion as of March 31. A public listing would give investors indirect exposure to that bitcoin through SpaceX shares. Attention has also grown around reports that Elon Musk has explored combining SpaceX with Tesla, which already holds more than 11,500 bitcoin. A merger is not formally planned. The listing could also compete for investor capital with crypto and other risk assets. Combined fundraising from SpaceX, OpenAI, and Anthropic could absorb significant liquidity, potentially pressuring bitcoin and other digital assets in the short term.
