#SpaceX获大幅超额IPO认购 SpaceX going public "bloodletting" nearly 250 billion, Bitcoin falling out of favor to $60,000—"money" is voting again?
In June 2026, a "bloodletting" drama is unfolding: SpaceX's record-breaking $75 billion fundraising kicks off the "century IPO," Google's largest equity financing ever of $80 billion, and Anthropic's $65 billion funding.
The three giants together have siphoned nearly $250 billion from the market. Bitcoin has already plummeted about 17% this month, temporarily losing the key psychological level of $60,000, hitting a new low since October 2024. Over a week, $18,000 has evaporated. This is no coincidence. Funds are voting with their feet—money is choosing new directions. As for where the money has gone? Most crypto enthusiasts probably have an idea: the biggest suspect is: SpaceX going public! Today, let's talk about this.
一、“抽血”2500亿：超级IPO与史上最大股权融资同时来袭
June 12, SpaceX will officially list on NASDAQ, ticker SPCX. According to its latest IPO filing with the SEC, the offering price is set at $135 per share, with about 555.6 million shares to be issued, raising up to $75 billion, with an overall valuation of approximately $1.77 trillion. This fundraising amount has surpassed the approximately $29.4 billion raised during Saudi Aramco's 2019 IPO, making it the new "IPO king" globally. Of course, SpaceX's listing is not the only one! It is understood that Alphabet, Google's parent company, announced on June 1st the largest-scale equity financing plan in history, totaling $80 billion for AI infrastructure expansion. Warren Buffett's Berkshire Hathaway subscribed for $10 billion, with Goldman Sachs, JPMorgan Chase, and others acting as managers. The AI sector is equally crazy, with Anthropic completing Series H funding of $65 billion, post-money valuation reaching $965 billion. Tech giants like Amazon, Google, Microsoft, and Nvidia are all involved, with Amazon and Google alone pledging over $70 billion combined. SpaceX, Google, and Anthropic together amount to about $220 billion; after SpaceX's official trading, its market cap surged into the top seven in the US, not counting the siphoning effect from secondary market buying. Analysts estimate the actual liquidity drained from the market could be closer to $250 billion or more. Strategy founder Michael Saylor characterized this capital rotation as "the biggest IPO and equity financing year of our lives," predicting a total capital inflow of $1 trillion into AI and large cloud service providers in 2026. The US AI giants are going public en masse to "grab money," and Wall Street is facing an unprecedented liquidity siphoning.
二、比特币跌破6万：创2024年10月以来新低
June 6, Bitcoin continued its decline, breaking below the key psychological level of $60,000 for the first time since October 2024, touching a low of $59,750 on Coinb and $59,799 on bn, a 20-month low, with a weekly drop of 16%. Over the past month, Bitcoin has fallen from over $80,000 to nearly $60,000. Just in the first few days of June, Bitcoin lost the critical support level maintained for months. The entire crypto market was hit hard. US stocks and crypto concept stocks also plunged, with Strategy down nearly 6%, Robinhood down over 3%, Circle and Coinb close to 3%. Market panic has spread to the entire risk asset sector.
Behind this sharp decline is a structural change in global capital flows. The US spot Bitcoin ETF has recorded net outflows for 13 consecutive trading days, with a total outflow of about $4.33 billion since May 14. ETF capital flows turned negative from 2026, indicating that institutional demand supporting the market at the start of the year is cooling down. BlackRock briefly bought Bitcoin before selling again, continuing the record ETF outflows. In stark contrast, the massive financing of SpaceX, Google, and Anthropic has attracted large amounts of retail and institutional funds. Syz Group's chief investment officer described this decline as a "structural migration of funds": "This drop is driven both by Strategy's reduction and the capital flow into other hot assets." CoinDesk pointed out that institutions are withdrawing Bitcoin funds to invest in AI, "causing this top cryptocurrency to underperform. This is important because capital rotation means temporary weakness, behind which is capital chasing hot topics, and ultimately, funds will flow back." The recent divergence between tech stocks and cryptocurrencies, both risk assets, is evident. US stocks continue to hit record highs, while Bitcoin has fallen to multi-month lows. The trend of shifting funds from crypto to the strong-performing traditional stock markets is irreversible.
三、“永不卖”叙事破裂：Strategy八年首次减持
June 1, Strategy filed an 8-K with the SEC: from May 26 to 31, the company sold 32 Bitcoin at an average price of about $77,135, totaling about $2.5 million, to pay preferred stock dividends. This was Strategy's first sale of Bitcoin since December 2022, ending a 3.5-year period of "buy and hold" accumulation. Although the sale of only 32 coins accounts for about 0.004% of its total holdings of approximately 843,000 coins, this move broke its public stance of "never selling" since 2020. The news dampened market sentiment and triggered billions of dollars in forced liquidations, further amplifying downward pressure. The clear signal behind this is: when the world's largest corporate Bitcoin holder starts cashing out, market confidence also loosens.
$250 billion is being withdrawn from the market, flowing into visible sectors like AI, space exploration, and cloud computing. Funds are re-voting, and Bitcoin has naturally become the most conspicuous "disfavored" asset.
But this does not mean Bitcoin's narrative has come to an end. Behind the capital rotation is a pursuit of short-term hot spots. Bitcoin falling from 80,000 to 60,000 is just a normal emotional cycle dip. The true power to cross cycles has never been about chasing hot topics through "trades," but about maintaining "discipline" in holding positions.
In June 2026, a "bloodletting" drama is unfolding: SpaceX's record-breaking $75 billion fundraising kicks off the "century IPO," Google's largest equity financing ever of $80 billion, and Anthropic's $65 billion funding.
The three giants together have siphoned nearly $250 billion from the market. Bitcoin has already plummeted about 17% this month, temporarily losing the key psychological level of $60,000, hitting a new low since October 2024. Over a week, $18,000 has evaporated. This is no coincidence. Funds are voting with their feet—money is choosing new directions. As for where the money has gone? Most crypto enthusiasts probably have an idea: the biggest suspect is: SpaceX going public! Today, let's talk about this.
一、“抽血”2500亿：超级IPO与史上最大股权融资同时来袭
June 12, SpaceX will officially list on NASDAQ, ticker SPCX. According to its latest IPO filing with the SEC, the offering price is set at $135 per share, with about 555.6 million shares to be issued, raising up to $75 billion, with an overall valuation of approximately $1.77 trillion. This fundraising amount has surpassed the approximately $29.4 billion raised during Saudi Aramco's 2019 IPO, making it the new "IPO king" globally. Of course, SpaceX's listing is not the only one! It is understood that Alphabet, Google's parent company, announced on June 1st the largest-scale equity financing plan in history, totaling $80 billion for AI infrastructure expansion. Warren Buffett's Berkshire Hathaway subscribed for $10 billion, with Goldman Sachs, JPMorgan Chase, and others acting as managers. The AI sector is equally crazy, with Anthropic completing Series H funding of $65 billion, post-money valuation reaching $965 billion. Tech giants like Amazon, Google, Microsoft, and Nvidia are all involved, with Amazon and Google alone pledging over $70 billion combined. SpaceX, Google, and Anthropic together amount to about $220 billion; after SpaceX's official trading, its market cap surged into the top seven in the US, not counting the siphoning effect from secondary market buying. Analysts estimate the actual liquidity drained from the market could be closer to $250 billion or more. Strategy founder Michael Saylor characterized this capital rotation as "the biggest IPO and equity financing year of our lives," predicting a total capital inflow of $1 trillion into AI and large cloud service providers in 2026. The US AI giants are going public en masse to "grab money," and Wall Street is facing an unprecedented liquidity siphoning.
二、比特币跌破6万：创2024年10月以来新低
June 6, Bitcoin continued its decline, breaking below the key psychological level of $60,000 for the first time since October 2024, touching a low of $59,750 on Coinb and $59,799 on bn, a 20-month low, with a weekly drop of 16%. Over the past month, Bitcoin has fallen from over $80,000 to nearly $60,000. Just in the first few days of June, Bitcoin lost the critical support level maintained for months. The entire crypto market was hit hard. US stocks and crypto concept stocks also plunged, with Strategy down nearly 6%, Robinhood down over 3%, Circle and Coinb close to 3%. Market panic has spread to the entire risk asset sector.
Behind this sharp decline is a structural change in global capital flows. The US spot Bitcoin ETF has recorded net outflows for 13 consecutive trading days, with a total outflow of about $4.33 billion since May 14. ETF capital flows turned negative from 2026, indicating that institutional demand supporting the market at the start of the year is cooling down. BlackRock briefly bought Bitcoin before selling again, continuing the record ETF outflows. In stark contrast, the massive financing of SpaceX, Google, and Anthropic has attracted large amounts of retail and institutional funds. Syz Group's chief investment officer described this decline as a "structural migration of funds": "This drop is driven both by Strategy's reduction and the capital flow into other hot assets." CoinDesk pointed out that institutions are withdrawing Bitcoin funds to invest in AI, "causing this top cryptocurrency to underperform. This is important because capital rotation means temporary weakness, behind which is capital chasing hot topics, and ultimately, funds will flow back." The recent divergence between tech stocks and cryptocurrencies, both risk assets, is evident. US stocks continue to hit record highs, while Bitcoin has fallen to multi-month lows. The trend of shifting funds from crypto to the strong-performing traditional stock markets is irreversible.
三、“永不卖”叙事破裂：Strategy八年首次减持
June 1, Strategy filed an 8-K with the SEC: from May 26 to 31, the company sold 32 Bitcoin at an average price of about $77,135, totaling about $2.5 million, to pay preferred stock dividends. This was Strategy's first sale of Bitcoin since December 2022, ending a 3.5-year period of "buy and hold" accumulation. Although the sale of only 32 coins accounts for about 0.004% of its total holdings of approximately 843,000 coins, this move broke its public stance of "never selling" since 2020. The news dampened market sentiment and triggered billions of dollars in forced liquidations, further amplifying downward pressure. The clear signal behind this is: when the world's largest corporate Bitcoin holder starts cashing out, market confidence also loosens.
$250 billion is being withdrawn from the market, flowing into visible sectors like AI, space exploration, and cloud computing. Funds are re-voting, and Bitcoin has naturally become the most conspicuous "disfavored" asset.
But this does not mean Bitcoin's narrative has come to an end. Behind the capital rotation is a pursuit of short-term hot spots. Bitcoin falling from 80,000 to 60,000 is just a normal emotional cycle dip. The true power to cross cycles has never been about chasing hot topics through "trades," but about maintaining "discipline" in holding positions.
