SpaceX Closes IPO at $1.75 Trillion Valuation With $250B Demand, Pulls $180B From Crypto Markets

According to BitcoinMiningStock.io, SpaceX closed its IPO order book on June 12 at a $1.75 trillion valuation with demand reaching $250 billion, approximately four times the shares available. The company raised $75 billion at $135 per share. The massive IPO demand coincided with a crypto market selloff, with digital assets losing over $180 billion in value the same week as capital was redirected to fund IPO allocations. Index funds tracking Nasdaq-100 are expected to purchase $22-27 billion of SpaceX shares within three weeks of listing, forcing sales of holdings in Nvidia, Apple, and other megacap names.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments