SpaceX, OpenAI, and Anthropic go public or raise over $240 billion, potentially impacting liquidity in the crypto market

robot
Abstract generation in progress

Deep Tide TechFlow News: On April 25, according to CoinDesk, SpaceX is expected to go public in June, which could surpass Saudi Aramco’s 2019 fundraising record of $29 billion and become the largest IPO in history. At the same time, OpenAI and Anthropic are also planning to go public in the second half of this year. The three companies are expected to collectively attract more than $240 billion in funding, which could very likely become an important turning point in changes to crypto market liquidity.

Market analysis holds that these mega IPOs may significantly drain liquidity from risk assets, while the crypto market is currently in the same pool of capital. Because major crypto assets such as BTC and ETH have, in recent years, been highly linked with risk appetite in Nasdaq and the U.S. stock market, a large amount of capital shifting to subscribe for IPOs of tech giants could weaken buy-side support for BTC, ETH, and altcoins.

BTC-0,78%
ETH-0,54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin