SpaceX IPO countdown plans to raise $75 billion! The new startup listing wave may drain liquidity from the Bitcoin market

SpaceX plans to raise $75 billion through an IPO, with a valuation soaring to $1.75 trillion. Due to the company's large Bitcoin holdings and market concerns that the epic fundraising could drain liquidity from the crypto market.

According to the latest disclosure documents filed with the U.S. Securities and Exchange Commission (SEC), Elon Musk's aerospace technology company SpaceX plans to issue shares at $135 per share, aiming to raise $75 billion, which would push the company's valuation to $1.75 trillion.

According to the filing, SpaceX intends to issue approximately 556 million shares at $135 each. If completed as proposed, this will be one of the largest IPOs in history, but it could also trigger a chain reaction affecting capital flows in the cryptocurrency market.

As of March 31 of this year, SpaceX held up to 18,712 Bitcoin, with a fair value of $1.29 billion, making it one of the largest known corporate Bitcoin holdings worldwide. Going public will bring these Bitcoins into the open market, allowing investors to gain indirect exposure to Bitcoin through holding SpaceX stock.

Recently, there have been rumors that Musk is evaluating merging SpaceX with electric vehicle giant Tesla, which has brought more attention to SpaceX's substantial Bitcoin assets. Currently, Tesla is also one of the publicly traded companies holding the most Bitcoin, with over 11,500 BTC.

If the two companies eventually merge, Musk-controlled corporate groups will hold one of the largest corporate Bitcoin reserves in the public market. However, neither side has announced any formal merger plans at this time.

Beyond corporate holdings, this epic IPO will also test the crypto market's ability to continue attracting capital.

Market expectations suggest that if SpaceX goes public as scheduled in June, combined with the highly anticipated fundraising efforts of AI startup giants OpenAI and Anthropic, this wave of tech giant fundraising could attract over $240 billion by the end of the year. As retail and institutional investors reallocate capital, liquidity may be drained from tech stocks, AI investments, and the cryptocurrency markets.

Ultimately, digital assets like Bitcoin and high-growth tech stocks often compete for the same "risk-tolerant" hot money. If demand for stocks from SpaceX and other star issuers surges, it could significantly deplete market liquidity in the short term, putting downward pressure on cryptocurrency prices.

• This article is reprinted with permission from: 《Block Beast》
• Original title: 《SpaceX IPO Countdown: Raising $75 Billion! Bitcoin Holdings and Liquidity Risks in Focus》
• Original author: Block Sister Mel