SpaceX IPO Plans Could Pressure Bitcoin as Company Targets $75 Billion Raise, Analysts Say

Analysts say SpaceX’s planned initial public offering (IPO) could weigh on Bitcoin and the broader crypto market as investors potentially reallocate capital toward the offering. According to NS3.AI, SpaceX is aiming to raise $75 billion in the IPO. The report says SpaceX plans to price shares at $135 each. It also states the company is expected to make up to 30% of the IPO shares available to retail investors. Analysts cited in the report believe the size of the fundraising effort and the retail allocation could draw attention and liquidity away from crypto markets, creating near-term pressure on Bitcoin and other digital assets.