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SPCX officially started trading on NASDAQ today, with an issuance price of $135, a market value of $1.77 trillion, the largest IPO in history.
The most aggressive part: 30% of shares allocated to retail investors, far exceeding the industry norm of 5-10%. GSR trading director said — "Cryptocurrencies have become a financing tool for investors; they need to find funding for this $75 billion IPO."
INDIGO CEO was more direct: "SpaceX and cryptocurrencies are competing for the same risk-tolerant capital."
Over 120k traders liquidated, $332 million evaporated.
BTC briefly surged to $63K and then fell back.
Your choice: A. Cut crypto to support SPCX on its first day B. Hold firm and wait for crypto rebound
#BTC #SPCX #SpaceX #Crypto