SpaceX IPO Triggers Tech Selloff; Bitcoin Yet to Follow
SpaceX, Elon Musk’s aerospace and satellite company, is targeting a $75 billion IPO in June that could propel the private firm into the Nasdaq 100 on a fast-track admission. The move would not only redefine SpaceX’s market visibility but also place a much larger Bitcoin treasury ...
➤ SpaceX's upcoming $75 billion IPO could lead to its fast-track inclusion in the Nasdaq 100, bringing its significant Bitcoin holdings into the index. ➤ This inclusion may trigger a substantial rebalancing of passive funds, potentially causing outflows from other major tech stocks like Nvidia and Apple. ➤ While the IPO is expected to impact tech stocks and Bitcoin's correlation with them, Bitcoin's own on-chain metrics suggest a cooling demand and potential for consolidation.










