SpaceX | Crypto

SpaceX’s $600 billion wipeout rattles tech markets, putting Bitcoin’s $60,000 support at risk as traders brace for a deeper BTC selloff. Bitcoin (BTC) has dropped over 8% from its June high near $67,255, putting the $60,000 support level back in focus. BTC/USD daily chart. Source: TradingView Key takeaways: Read more

Tokenized SpaceX shares drew more than $1 billion in demand, but many investors received refunds instead. What went wrong? How the $1B SpaceX offering exposed crypto’s blind spot For retail investors shut out of private markets, tokenized SpaceX shares offered an unusual route into one of the world’s most coveted private companies. The blockchain-based tokens allowed investors to seek exposure without a conventional brokerage account and before any potential public listing. Then practical limits got in the way. Read more

Elon Musk’s personal fortune has surpassed the market value of Bitcoin, a milestone that shows how quickly SpaceX’s public-market debut has reshaped both wealth rankings and the broader conversation around speculative risk. According to Bloomberg's Billionaire Index, Musk’s net worth rose to about $1.32 trillion as SpaceX shares traded above $200, extending a rally that […] The post Elon Musk’s wealth has now surpassed Bitcoin market cap amid SpaceX’s continued rally appeared first on CryptoSlate.

SpaceX’s first week as a public company is starting to look less like a conventional stock-market debut and more like a high-leverage crypto asset. Shares of Elon Musk-led company, trading under the ticker SPCX, extended their post-IPO rally Tuesday as investors piled into one of the smallest public floats ever attached to a company valued […] The post SpaceX is trading like a $2T meme stock after its record IPO appeared first on CryptoSlate.

SpaceX’s blockbuster debut didn’t just mint a trillionaire; it became a real-world stress test for crypto’s promise of democratized market access. SpaceX’s hotly anticipated public debut on June 12 raised $75 billion at $135 per share, valuing the company at more than $2 trillion and turning its founder, Elon Musk, into the world’s first trillionaire. And it’s not only Musk getting wealthier. Buyers who got in at the offer price made roughly 20% almost overnight, while early private investors saw far larger gains. Crypto traders, meanwhile, were abruptly cut out of the deal, left holding pre-IPO subscription tokens on platforms like Binance, Bybit and Bitget with no allocation to SpaceX at all. Read more

SpaceX shares rose in early market trading Monday, extending gains from its record IPO debut after Elon Musk said the company could reach $1 trillion in annual revenue by the end of the decade. Yahoo Finance data show the stock traded near $170, up about 6% from Friday’s close. The move followed a strong first […] The post SpaceX rally extends as Elon Musk’s $1 trillion revenue call draws retail and crypto traders appeared first on CryptoSlate.

SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Nasdaq at $150 Friday morning. By the time the stock reached $164, retail investors had gained “SpaceX exposure” through actual Nasdaq shares, Backpack Securities' redeemable token on Solana, xStocks tracker certificates […] The post SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation appeared first on CryptoSlate.

Crypto platforms promised early access to the blockbuster SpaceX IPO through tokenized shares. The problem wasn't technology, but getting the actual stock.

Elon Musk’s SpaceX completed its landmark IPO on the Nasdaq on Friday, but crypto users seeking tokenized exposure to the IPO were left empty-handed after allocations fell through. Crypto trading platforms Bybit, Binance, Bitget Wallet and MEXC canceled their tokenized SpaceX IPO campaigns as SpaceX went public on the Nasdaq on Friday.  SpaceX’s IPO, which was reportedly more than four times oversubscribed, raised $75 billion as it became a publicly traded company. SpaceX shares opened for trading at $150 on Friday, up from its IPO price of $135. It closed the day at $161.11, valuing the company at over $2 trillion.  However, major crypto platforms offering tokenized access to the IPO were unable to fulfill demand for SpaceX allocations, with several blaming Kraken-owned xStocks’ inability to deliver the underlying assets.  Read more

Bitcoin hit $64,000 as SpaceX launched a record-breaking IPO and US-Iran peace deal hopes continued to grow, but doubts over BTC price support remained. Bitcoin (BTC) hit $64,000 after Friday’s Wall Street open while analysis warned of “unreliable” BTC price support. Key points: Read more

Tokenized RWAs surge despite crypto volatility, Kraken launches SpaceX IPO xStocks, prediction markets outpace onchain gambling and Sam Bankman-Fried seeks a Trump pardon. Crypto prices have spent much of the year reacting to macro headlines and regulatory uncertainty, but tokenization has remained one of the industry’s few consistent growth stories. Active real-world assets are surging, banks are embracing blockchain infrastructure and tokenized equities are expanding into new markets. That momentum was on full display this week as Kraken rolled out tokenized access to the highly anticipated SpaceX IPO, offering eligible users in more than 110 markets a chance to participate through xStocks. Elsewhere, prediction markets surpassed onchain gambling for the first time, and former FTX CEO Sam Bankman-Fried formally asked US President Donald Trump for a pardon. Read more

SpaceX’s $75 billion IPO has already drained crypto liquidity, but a strong first-day pop could help rotate profits back, analysts argue.

Crypto markets are becoming a new venue for pre-IPO price discovery ahead of SpaceX's highly anticipated debut today. Binance's SpaceX tokenized IPO campaign attracted over $557 million in USDC deposits from about 27,689 wallet addresses ahead of the company's highly anticipated public listing. Wallets contributing up to $20,000 accounted for more than 81% of participating addresses but only 18.39% of total funds, while 114 addresses contributed over $500,000 each, representing about 10.2% of the funds, according to Dune data. The deposits point to strong demand for crypto-based pre-IPO exposure ahead of SpaceX's Nasdaq debut on Friday, with the company seeking to raise $75 billion at $135 a share and an around $1.8 trillion valuation. Read more

SpaceX’s IPO hype may fuel a strong debut, but history shows richly valued listings often struggle after the first-day pop fades. SpaceX’s IPO is already spilling into crypto markets, where one whale has opened a $22.3 million leveraged long on SPCX, a synthetic pre-IPO perpetual contract tied to Elon Musk’s aerospace company. Key takeaways: The whale's position, visible on data resource Hypurrscan, shows the trader holding a 2x isolated long on "xyz:SPCX" worth about $22.29 million. Read more

Crypto traders have turned Elon Musk’s expected SpaceX listing into a round-the-clock proxy market, pushing more than $1 billion through SpaceX-linked perpetual futures in the last three days as investors try to front-run one of the largest public offerings in Wall Street history. The shift comes as retail investors face limited allocations in a heavily […] The post Elon Musk’s SpaceX IPO fever sparks $1 billion crypto bet before Nasdaq debut appeared first on CryptoSlate.

While some analysts argue investors are selling bitcoin to free up capital for anticipated IPOs such as SpaceX and Anthropic, Sygnum's Fabian Dori says market data points elsewhere.

SpaceX IPO: Brokers Ban Share Flippers as Retail Demand Soars The post SpaceX IPO: Brokers Threaten to Ban Share Flippers as Retail Demand Hits Record appeared first on Cryptonews.

Tech stocks and crypto are selling off in a “classic pre-mega-IPO liquidity squeeze,” say analysts. The initial public offering of Elon Musk’s SpaceX has reportedly seen an oversubscription rate running at almost ​four times the planned offering size, with some analysts suggesting it could be squeezing liquidity from the market. SpaceX’s IPO (SPCX) has attracted over $250 billion in investor demand, far exceeding the $75 billion it is seeking to raise in what would be the largest public offering ever, with the firm valued at $1.8 trillion, Reuters reported. Bankers and investors say it is the latest sign that demand is strong, ​as long-only funds have put in “sizable orders,” according to the sources.  Read more

The SPCX perpetual still trades above SpaceX’s $135 offer price, but it has fallen sharply from its May highs as traders mark down the first-day premium.

Elon Musk, SpaceX AI, just put Bitcoin in the spotlight with a prediction target of $150,000 to $250,000 plus by the end of 2026. The wild part is BTC is sitting near $63,197 right now, so this is a call for a 2x to 4x move from here.The bull case is built on the idea […] The post Elon Musk’s SpaceX AI Bitcoin Price Prediction: But it Comes With One Big Catch appeared first on Cryptonews.