If SpaceX's IPO actually makes it into the NASDAQ 100, this 18k BTC exposure is equivalent to adding implicit leverage to the index, and Musk wins big again.

SPCX-0.18%
BTC0.77%
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BlockBeatNews
Analysis: SpaceX IPO or expanding Nasdaq BTC exposure, but may create short-term bearish pressure on tech stocks and Bitcoin capital siphoning.
BlockBeats News, May 22 — Analyst Yashu Gola stated that SpaceX plans to conduct a $75 billion IPO in June. If the valuation reaches between $1.75 trillion and $2 trillion, it could be quickly included in the Nasdaq 100 index within 15 trading days under the Nasdaq "Fast Track" rule, and expand the index's exposure to Bitcoin.

According to SpaceX's latest S-1 filing, it holds 18,712 BTC, worth approximately $1.45 billion. When combined with Tesla's 11,509 BTC holdings, Musk's two companies will become significant Bitcoin asset holders within the Nasdaq 100. Strategy CEO Phong Le said, "As SpaceX..."
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Whale_sMan
· 05-22 15:16
How do you say this?
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